Last hour's S&P 500 rebound is a point of short-term concern merely, as I'll share with you the array of bearish factors at play currently within the regular Stock Trading Alert. Accounting for the volatile upswing reaching 3042, let's adjust the open trade parameters accordingly.
Please see the Trading position section for details
Trading position (short-term; our opinion): short positions (100% position size) with stop-loss at 3140 and initial downside target at 2990 are justified from the risk-reward perspective.
Thank you.
Monica Kingsley
Stock Trading StrategistSunshine Profits: Analysis. Care. Profits.