Curr: Short Looking to: Cover @ 10,726
As of 11/20/20 close: 11,908
LAST WEEK: We suggested selling longs / getting short at 12,091 with a target for covering / getting long at 11,343.
UPDATE: NQ futures appear a little vulnerable here after peaking out near our target of 12,091 last week. We see possible support at 11,711.25, 11,475.50 or 10,725 – 10,750. With all of the newsflow recently, it’s not hard to foresee some downside. However, technical patterns are not crazy bearish either. We would short bounces to 12027.50 with a target for covering and getting long at 10,726.