Credit markets keep acting weak, but a reflexive rebound might be arriving, making it justified to open a long position with a reasonably tight stop-loss.
Trading position (short-term; futures; our opinion): long positions (100% position size) (opened at market, which is 3369 currently) with stop-loss at 3338 and initial upside target at 3400 are justified from the risk-reward perspective.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.
