Near Term Trend: Bullish
Fridays close: 2,440 (+ 2.50)
UPDATE: Last week, I suggested selling longs near 2,475 and getting short near 2,493 with stops above 2,500.
We finally started to see some stress return to the market this week with the heating up of tensions between the US, North Korea (and China). Technically, Im staying with the outlook for a further correction and with a range of resistance between 2,477 and 2,496.
I would be covering shorts at 2,415 and then looking to re-short on a bounce to 2,450 2,460 with stops on a close above 2,462 and a downside target of 2,321.