Currently: Short Looking to: Cover @ 2,468
As of 8/11/19 as of 10:05pm EST: 2,924.50
LAST WEEK: We suggested selling / shorting at 2,945 with stops on shorts above 2,965 and with a downside target of 2,468.
UPDATE: S&P futures are getting hammered recently, but appear to be bouncing in the very short-term.
They have upside resistance at 2,941 (already tested) 2,953.25. Downside support comes in at 2,728.75 (the 5/31/19 low) and 2,468 (projected Fibonacci retracement support from the monthly chart).
We would add new shorts at 2,941 with stops on a close above 2,955 and with a target of 2,468. We would stay away from new longs right now.