The 2-hour old heavy selling didn't continue in earnest, and S&P 500 futures have stabilized since. Thus, some continuation of the preceding upswing might be coming before long. Please see the Trading position section for our game plan that involves quite a tight stop-loss placement.

Trading position (short-term; our opinion): long positions at market (that's 2425 currently) (100% position size) with stop-loss level at 2375 and the initial upside target at 2475.

Thank you and stay tuned as we are highly likely to adjust the open trade parameters during the day.

Monica Kingsley
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care