As the S&P 500 outlook remains bullish, and the very short-term price action is offering an interesting entry point, it's worthwhile to rejoining the long side - please see below.
Trading position (short-term; futures; our opinion): long positions (100% position size) (opened at market, which is 3489 currently) with stop-loss at 3460 and initial upside target at 3520 are justified from the risk-reward perspective.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.
