Currently: Cash Looking to: Sell / short @ 3027
As of 6/10/19 as of 12:59am EST: 2885.12
LAST WEEK: We suggested trying to get long at 2717 with stops below 2715 and with a target of 3000.
UPDATE: S&P futures got the medicine they needed from the US Federal Reserve this week and the bulls are rampaging once again. There is one hurdle left to clear for the bulls at 2890 2892. A close above 2892 should lead to a run up to new highs at either 3027 or 3218.
We would hold longs until 3027 ideally although it behooves one to watch the trading action at 2890 92 to determine if the bulls will be able to break through. We would be looking to sell longs and get short of ES futures at 3027 with stops on shorts on a close above 3035 and with a long-term downside target of 2,485.