Currently: Short Looking to: Cover @ 3,152
As of 1/10/20 close: 3,263.62
LAST WEEK: We suggested shorting at last weeks levels with stops on a monthly close above 3,245 and with a target for covering at 3,090.
UPDATE: S&P futures are once again trading above monthly resistance at 3,245 and are hitting new all-time
highs in the process.
However, we still feel that 3,245 may end up holding as monthly closing resistance and that more of a pullback is still ahead of us.
We would look to sell longs / get short at current levels with stops honored if and when a monthly close above 3,245 occurs and would look to cover down at 3,152 (raised a bit).