Currently: Short Looking to: Cover @ 2,468
As of 7/21/19 @ 8:19pm EST: 2,977.88
LAST WEEK: We suggested selling longs and getting short up to 3,024.50 with stops on shorts above 3,030 and with a target of 2,468.
UPDATE: S&P futures made it as high as 3,023.50 last week and backed off modestly since then. No change to our read of things from last week.
Monthly closing resistance for S&P futures comes in at 2,960 (still could be valid by months end), 3,024.50, 3,149 and 3,213.25.
Pullback targets once a peak is made come in at 2,468, 2,124, 1,845 and 1,567.
We would be selling longs between current levels up to 3,024.50 with stops on a close above 3,030 and with a target of 2,468. No buys for now.