Currently: Cash Looking to: Short here; tgt 2,815
As of 7/3/20 close: 3,115.50
LAST WEEK: We suggested shorting at 3,041 with stops on a daily close above 3,051 and with a target of 2,865.
UPDATE: After an up end-of-the-quarter week last week, S&P futures now have two possible resistance levels to watch 3146 and 3229.
If 3146 holds up, we can look for a dip to 2800 2825 to play out. If 3229 holds up, we can look for a subsequent drop to 2975 to play out.
We would be willing to short at 3146 with stops honored on a daily close above 3151 and with a target of 2825. If stopped, try the shorts again up at 3229 with stops on a daily close above that level and with a target of 2975.