The S&P 500 upswing enjoyed follow through buying in the early overnight session before venturing on the test of the bulls' resolve as we speak. Our profitable stop-loss at 3230 has just been hit, but the rationale for remaining on the long side of the market remains on, making it justified to reenter the market â€" please see the Trading position section.

Trading position (short-term; futures; our opinion): long positions (100% position size) (entered at market, which is 3226 currently) with stop-loss at 3180 and initial upside target at 3300.

Thank you.

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