Currently: Cash Looking to: Buy @ 2,856.50
As of 9/10/18 @ 12:27am EST: 2879
UPDATE: Last week, I noted I would get short at 2905.75 with a target of 2875. I also suggested buying at 2862 with stops below 2859 and a target of 2930.
S&P futures came down to the initial short-covering point at 2,875, but havent yet quite made it to the get long point at 2,862. With the pattern that has formed, I now believe they will trade to 2,856.50 and then bounce perhaps to 2885 or 2895 and then head lower once again.
I would be buying at 2,856.50 with stops below 2,854 and with a target of 2,895. I would also be shorting there ahead of an anticipated drop to at least 2,836.