Currently: Cash Looking to: Sell / short @ 2320.70
As of 2/19/21 close: 2,265.30
LAST WEEK: We suggested selling longs / getting short at 2,320.70 with stops on a close above 2,350 and with a target for covering at 2,069.
UPDATE: Small caps led the way lower for the broader market for a few days (something that has not occurred in quite a while). Friday, however, that downside leadership turned to short-term bullish leadership. We will have to await further evidence to draw any conclusions here. Sell longs / get short at 2320.70 with stops on a close above 2350 and look to cover down at 2,069.