Currently: Cash Looking to: Short @ 7919
As of 10/13/19 @ 9:18pm EST: 7871.38
LAST WEEK: We suggested selling longs at 7808 and shorting at 7836 with stops above 7857 and with a target of 7525 short-term.
UPDATE: NQ futures tried Friday morning to break out above key ABC correction resistance at 7,919. That level as well as 7946.50 are possible ceilings. Until resistance fails, the bears get the benefit of the doubt.
We would be shorting any bounce to 7919 with stops above 7947 on a daily closing basis and with a downside target of 7300.