The overnight S&P 500 price action isn't shaping to be of the worst swing structure, and today's data-light day may give the bulls an opportunity to repair Friday's hesitation. This means that it would be optimal to get back to flexible open trade management based upon the credit markets' signals we would get later today.

Please see the Trading position section for the open position's trade parameters adjustment.

Trading position (short-term; our opinion): long position (100% position size) with stop-loss at 2570 and the initial upside target at 3220.

Thank you.

Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.