Currently: Cash Looking to: Short @ 2588
As of 1/4/19 close: 2529.75
UPDATE: Last week, I suggested selling longs at 2,525.50 and looking to short at 2,588 with stops above 2,590 and with a target of 2,341.
S&P futures went from being on the verge of a test of the lows to a melt up in one session due to an easing of concerns on the two main bearish flashpoints US / China trade relations and the US Federal Reserves hawkishness. Well see if it lasts. Longs should have been sold at 2,525.50 per last weeks report.
We would be shorting at 2,588 with stops on a close above 2,590 and with a target of 2,341.