Currently: Cash Looking to: Buy @ 2,629
As of 3/22/19 close: 2,806.75
LAST WEEK: We suggested buying dips to 2,750 with stops on a close below 2,720 and with an upside target of 2,944. We suggested shorting up at 2,944.
UPDATE: Weekly neckline resistance for the inverted Head & Shoulders formation held (so far). Theoretically, we could see a drop to right shoulder support between 2,603 - 2,629. Thats a pretty healthy drop but its only a retrace of a portion of 19 gains. We would hold shorts and hedges on the indices and pair those with individual story stock or sector ETF longs. We would be aggressively buying index proxies like ES futures down at 2,629 down to 2,603 with stops on a close below 2,595 and with an upside target of 2,944. Honor stops on current shorts on any weekly close above 2,818.