Currently: Short Looking to: Cover at 7,186
As of 10/5/2018 close: 7,399.01
UPDATE: Last week, I suggested selling / shorting at last week’s levels with a 6,950 target and with stops on any close above 7,630.
Higher rates are pounding the growth stocks right now – perhaps just an excuse to take profits. Nearest uptrend line comes in at 7,186. That’s a safe spot to take profits on shorts.
Hold shorts until 7,186. Long side (trades only) at 6,968 with target of 7,200 and stops < 6,950.