The anticipated downside in stocks and credit markets is unfolding, and there is little sign of a convincing rebound as we speak. That makes it justified to rejoin on the long side with a waiting order while eyeing more downside later in today's session – please see below.

Trading position (short-term; S&P 500 futures; my opinion): long positions (100% position size) (entered via a buy limit order at 3500) 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.