Currently: Cash Looking to: Buy here / sell 2297
As of 2/26/21 close: 2,199.20
LAST WEEK: We suggested selling longs / getting short at 2,320.70 with stops on a close above 2,350 and with a covering target of 2,069.
UPDATE: Small caps came down sharply mid-week and then coasted into the weekend. They may bounce here and test the previous high at 2297 or even run up to our prior target of 2,320.70. After that down theyll go (in our opinion). We would buy RTY futures or US small caps here with a sell target of 2,297 and a shorting target of 2,320.70. Downside on shorts is 2067. Next long entry would be 1923.