Currently: Cash Looking to: Short @ 7534.25
As of 3/18/2019 as of 1:25am EST: 7,349.12
LAST WEEK: We suggested selling longs / getting short on a bounce to 7,095 with a target of 6,735 and with stops > 7,110.
UPDATE: NQ futures are clearly on a tear to the upside. They managed to conquer the 200-day moving average resistance very quickly after briefly trading below it late last week. We generated two possible upside projections using the 5 = 1 rule of Elliott Wave Theory: 7402.25 and 7534.25. We would be buyers of dips down at 6928.70 and selling longs at 7402.25. Shorts can be attempted at 7534.25 with stops above 7550 and with a target of 6928.70.