NQM20 – June E-Mini Nasdaq (Last:9854.00)

Friday’s afternoon’s histrionics triggered a ‘mechanical’ short at 9721.50 that has left a 9338.25 target in play well below these levels. (Please note that the equivalent target for the September contract is 9327.50.] Although the futures got socked on the opening bar Sunday night, this was just the usual sleazy ploy to exhaust sellers, the better to run NQ back up their old wazoo.  If they return in droves for a second wave of selling before dawn, however, DaBoyz may need to take this vehicle down to the D target flagged above to set-up the next short-squeeze.  None of this will have much bearing on the very bullish target at 10571 billboarded here earlier.