Curr: Cash Looking to: Buy at 9807.25
As of 7/24/20 close: 10,460.75
LAST WEEK: We suggested buying NQ futures at 10,283 with stops on a daily close below 10,100 and with a target of 11,200. We suggested shorts at 11,373.
UPDATE: NASDAQ 100 futures have started to retreat from the highs set last week. It looks like NQ futures can pull back to one of three levels before rallying again: 10,102, 9,807 or 9,512. We would anticipate the middle support holding and be
prepared to hold on unless the lower support fails.
We would buy NQ futures at 9,807 with stops < 9,512 and with an upside target of 11,373.25.