Stocks entered trading on a weak note, but appear ready for a rebound, which is unfolding as we speak. That makes opening long positions justified, please see below.
Trading position (short-term; futures; our opinion): long positions (100% position size) (opened at market, which is 3365 currently) with stop-loss at 3140 and initial upside target at 3550 are justified from the risk-reward perspective.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.
