The S&P 500 aftermarket upswing is tipping itself to come from the dead cat bounce universe, and current premarket action hints at more room for declines in the short run (details to come within the regular Stock Trading Alert). That's making it justified to open a short position.

Please see the Trading position section for details

Trading position (short-term; our opinion): short positions (100% position size) (opened at market, which is 3030 currently) with stop-loss at 3065 and initial downside target at 2990 are justified from the risk-reward perspective.

Thank you.

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