US100 50% Buy COVID-19 Range

US stocks are taking a beating this year, led by the NASDAQ. The COVID-19 recovery uptrend (2020 Low to 2021 High) is being tested. At this point, the 50% Retracement (11,708) of this range is coming into view.

Here’s the trade:

Buy 11,750
Initial Stop Loss @ 11,450
Profit target @ 12,050

Be ready….this trade has a decent shot of going live this week.