Currently: Cash Looking to: Short @ 3,191
As of 12/15/19 @ 10:30pm EST: 3,184.50
LAST WEEK: We suggested holding longs until 3,191 and then selling / shorting there with stops on shorts above 3,245 and with a target for covering at 3,015.
UPDATE: We still believe resistance may come in at 3,191. But, its looking more and more likely that we see the move continue up to around 3,213 before a downside reversal occurs. Thats the level where the upper edge of the long-term uptrend channel comes into play along with Elliott Wave projections for the current wave.
We would hold longs until 3,213 and would then look to sell there and get short between there and 3,245. Stops on shorts should be honored on a close above 3,245 (on a monthly basis) and the downside target will be 3,072 for covering and getting long.