Currently: Short Looking to: Cover @ 6,349
As of 9/27/19 close: 7,715.62
LAST WEEK: We suggested selling / shorting near 7,961.75 with stops on a close above 8,028 and with a target of 6,349.
UPDATE: NQ futures flirted with disaster last week by testing key Fibonacci projection support at 7,689.75. They are not out of the woods yet as they are trading only modestly above 7,700. We are of the opinion that support breaks.
We would hold shorts until 6,349. If looking to start or add to shorts, do so on a bounce at 7,833 with stops honored on a close above 7,857 and with a target of 6,349.