Curr: Long Looking to: Sell @ 13,671
As of 1/22/21 close: 13,361.50
LAST WEEK: We suggested buying at last weeks levels with stops below 12,626.50 and with a target of 13,520.
UPDATE: NQ futures continued to progress up towards our sell target of 13,520 mentioned here in last weeks report. The look at the chart this week confirms that resistance is not far off at 13,533 13,671. Once the upside target has been met, we expect a pullback to either 13,283 or 13,097.
We would look to sell / short NQ futures at 13,671 with stops on a close above 13,750 and with a covering target of 13,283. We would get long at 13,283 with an upside target of 13,900. Stops should be honored on a close below 13,097.