With merely 167K jobs added, the ADP non-farm employment change woefully underdelivered, yet the S&P 500 reaction remains constructive.  

Should the bears wake up and invalidate the very short-term swing structure, things could get dicey in an instant. This makes it justified to lock in sizable open profits even mroe - please see Trading position section for details.

Trading position (short-term; futures; our opinion): long positions with stop-loss at 3310 and new upside target at 3400.

Thank you.

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