S&P 500 prices rolled over yesterday on the no yield control news from the Fed, leaving stocks exposed in the short-run - more details are coming in today's regular Stock Trading Alert.
The very short-term swing structure is making it justified to open short positions - please find below the details.
Trading position (short-term; futures; our opinion): short positions (100% position size) (opened at market, which is 3357 currently) with stop-loss at 3390 and initial downside target at 3300 are justified from the risk-reward perspective.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.