Currently: Long Looking to: Sell @ 8,019.75
As of 3/20/20 close: 6,919.25
LAST WEEK: We suggested getting long @ 7,028 with stops on a weekly close below 6,866.50 and with a target of 7,935 8,019.75.
UPDATE: So far, the NQ futures have held above their weekly uptrend line(s) and have not even come close to testing the 2018 lows or the Inauguration level or 2016 Election pivot low. Clearly, the energy and financial sectors are weighing down the Dow and S&P while the NASDAQ is being propped up by the likes of AMZN, AAPL and NFLX. We would buy NQ futures near 6,866.50 with stops on a weekly close below that level. The target is 7,935.