The S&P 500 rebound is proceeding along nicely, accompanied by the recovering credit markets – let's lock in the open profits while letting them grow. Please see below.
Trading position (short-term; futures; our opinion): long positions (100% position size) with stop-loss at 3375 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.
