Curr: Cash Looking to: Short @ 11,373
As of 7/10/20 close: 10,837.25
LAST WEEK: We suggested shorting at last weeks levels with stops on a close above 10,450 and with a target of 9,527.
UPDATE: NASDAQ 100 futures continued their march higher this week and appear poised to make a run up to the upper edge of a long-term uptrend channel which comes in at 11,370 11,400. From there, we either see a modest consolidation or a historic sell-off. We would look to sell longs / get short at 11,373 with stops on a close above 11,500 and with a downside target of 9,004. If you want to catch the rest of this current rally, do so at your own risk!