The very short-term S&P 500 reversal from below 3350 makes it justified to open long positions, which is also supported by the HYG ETF opening gap - please see the details right below.
Trading position (short-term; futures; our opinion): long positions (100% position size) (opened at market, which is 3357 currently) with stop-loss at 3325 and initial upside target at 3400.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.
