After the bull flag that first took three hours, and was followed by uptrend continuation, it makes sense to lock in existing gains while letting them grow further. Please see the Trading position section for the full details.

Trading position (short-term; our opinion): long positions (100% position size) with stop-loss level at 2448 and the initial upside target at 2500. Once the initial upside target is breached and S&P 500 trades over 2510, the stop-loss level is moved to 2475 so as to lock in even more of existing sizable gains.

Thank you.

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