Currently: Cash Looking to: Short @ 7919
As of 10/18/19 close: 7,883.62
LAST WEEK: We suggested shorting bounces to 7,919 with stops above 7,947 on a daily close and with a 7,300 target.
UPDATE: NQ futures ran up to and through our upside resistance target posted here last week. The daily chart here tells us that NQ futures may pull back to 7767 7783 and then bounce one more time perhaps up to 8,050.75 or so.
We would look to buy NQ futures at 7783 with stops on a daily
close below 7766 and with an upside target of 8,050. We would look to short at 8,050 with stops above 8,100 and with a target of 7,300.