The ADP non-farm employment change isn't likely to beat expectations in my opnion, and the retreat from 3320 highs hints at that.
This is making it likely that the bears will (probably temporarily) awaken later today, making it justified to lock in sizable open profits - please see Trading position section for details.
Trading position (short-term; futures; our opinion): long positions with stop-loss at 3302 and new upside target at 3400.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.
