Currently: Short Looking to: Cover @ 2,807
As of 5/13/19 at 12:00am EST: 2,858.12
LAST WEEK: We suggested holding shorts until 2,810 and then looking to get long at 2,790 with stops below 2,785 and with an upside target of 2,960.
UPDATE: S&P futures are getting hammered early Monday morning as hopes for a US / China trade deal faded quickly over the weekend. Still, though, prices are above last weeks lows so apparetnly not all hope is lost for the bulls. We still feel lower prices may be ahead in the short-term, though.
We would be holding shorts until 2,807 and would then be looking to get long down at 2,790. Honor stops on longs on any close below 2,785 and look for a test of the highs at 2,960. If stopped, try longs again at 2,722.