The S&P 500 outlook remains bullish, though the Powell speech can be counted upon to bring about volatility. That makes it justified to again lock in more open profits while letting them grow. Please see below for details.
Trading position (short-term; futures; our opinion): long positions (100% position size) with stop-loss at 3463 and new upside target at 3500 are justified from the risk-reward perspective.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.
