Currently: Cash Looking to: Buy @ 2,670
As of 11/2/18 close: 2,724.25
UPDATE: I suggested shorting bounces to 2,722 with stops above 2,727 and with a target of 2,584.
S&P futures rallied sharply after bottoming out Monday at 2,603 (hitting the short-covering target, but not the long entry target). If you wouldve started new shorts at 2,722, they should have been stopped out already. Now, the market could go either way. Since NDX hit the 6,616 downside target, Im buying into the bottom is in scenario and am looking to buy dips.
I would be buying @ 2,670 with stops on a daily close < 2,667 and with a target of 2,824.