Currently: Short Looking to: Cover @ 3,152
As of 1/19/20 @ 11:54pm EST: 3,326.50
LAST WEEK: We suggested selling longs / getting short at last weeks levels with stops on a monthly close above 3,245 and with a target of 3,152.
UPDATE: S&P futures are trading at 3,326.50 early Monday just 24 points away from the next potential upside resistance at 3,350.
Once a ceiling is set presumably right around that level we expect a pullback to 3,050 and then a subsequent test of 3,350.
We would be lightening up on longs and getting short between current levels and 3,350 with stops on shorts on a close above 3,350 (on a monthly close) and with a target for covering and getting long of 3,050.