An encouragingly high open both in high yield corporate bonds, and the S&P 500 – but won't it get tested during today's session to a degree? I think it's quite likely, making it justified to take existing sizable profits off the table should prices reach the below mentioned level. As for the next opportunity, chances are it will arrive really shortly.

Trading position (short-term; S&P 500 futures; my opinion): long positions (100% position size) with stop-loss at 3490 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.