CME - S&P 500 (FUTURES) Daily
Near Term Trend: Positive
Fridays Close: 2389 (- 2.00)
UPDATE:
The S&P e-Mini futures popped up to the projected resistance at 2405 and then pulled back to short-term support at 2380.
Based on this chart, I believe there will be one more test of 2405 before a more substantial pullback down to either 2314 or more likely 2983 occurs.
Sales / shorts of S&P futures should be made at 2405 with stops in place on any daily close above 2410 and with a downside target of 2315.
Buy S&P futures down at 2315 at least and preferably 2983 before aggressively doing so. Honor stops below 2983 and use 2500 as the initial target.