Currently: Cash Looking to: Short @ 3027
As of 6/17/19 as of 12:27am EST: 2901.62
LAST WEEK: We suggested holding longs until 3027 (ideally) but with close attention being paid to the trading at around 2890 92. We suggested shorts at 3027 with stops above 3035 and with a target of 2485.
UPDATE: S&P futures are still pressing higher despite all of the economic and geopolitical crosswinds. ES futures are right at the area of resistance we suggested moniotoring at 2890 92 last week. If they can manage a break above that level, look for a test of the previous high at 2961 and possibly a move all the way up to 3027. We would be selling longs at 2961 and shorting up at 3027 with stops above 3035 and with a downside target of 2420.