Near Term Trend: Neutral / Bullish
As of 8/17/2018 close: 7,377.54
UPDATE: Last week, I suggested holding existing shorts until at least 6,950 and preferably until 6,000. Stops above 7,500 on monthly close.
NDX is still hovering below key monthly resistance of 7,500. Unless that level is broken, Im sticking with the call for a drop to at least 6,857 and possibly down to 6,000.
Id stay with shorts on NDX and proxies as long as 7,500 holds on a monthly close.