NQZ20 – Dec E-Mini Nasdaq (Last:11,878)

The futures have traversed a minefield of anxieties since the August run-up to record highs, much of it tradeable if inscrutable. They would become a ‘mechanical’ buy for a second time on a pullback to the green line (11,193), stop 10,655. The opportunity could materialize next week on pronounced weakness, but more likely would be a continuation of November’s steep uptrend to its implied target at 12,804.  Getting aboard with-the-trend will be challenging in any case, since it has attracted an eager following.  Stay tuned if you care. _______ UPDATE (Nov 18, 8:58 p.m. EST): The futures have grown timid without becoming interesting in either of the ways I’d hypothesized above. What this implies is that they are more like to do “something” soon.