Currently: Short Looking to: Cover @ 26,500
As of 2/19/21 close: 30,017.92
LAST WEEK: We suggested selling longs / getting short at 29,885 and looking to cover / buy at 26,417.
UPDATE: The Nikkei 225 Index made it up to and through our projected upside target. Sales of longs and new short entries should have occurred at 29,885. We are sticking with the call for a pullback to 26,500 or so.
Look to short here with stops honored on a close above 31,000 and with a target for covering / getting long at 26,500.