Currently: Cash Looking to: Short @ 3024.50
As of 7/12/19 close: 3,014.62
LAST WEEK: We suggested selling longs immediately and looking to get short between last weeks levels and 3,019.50 with stops on a close above 3,028 and with a target of 2,465.
UPDATE: The equity party continues for another week thanks to the US Fed Chairman Powells continued dovish utterings.
Monthly closing resistance for S&P futures comes in at 2,960 (still could be valid by months end), 3,024.50, 3,149 and 3,213.25. Pullback targets once a peak is made come in at 2,468, 2,124, 1,845 and 1,567. We would be selling longs and getting short up to 3,024.50 with stops on shorts above 3,030 and with a target of 2,468. No buys for now.