Seeing yesterday's price action, we see that our waiting buy order at 2930 has indeed been executed, as during yesterday's regular session, S&P 500 futures did dive to 2929.38 as per the www.investing.com data.

Translating this microrotation into other instruments would mean that waiting buy orders there would have been also executed at the same time. If that hasn't been the case with the instrument you're using, we would like to say that the long position that we've initiated yesterday just before the session's close, remains justified, and whoever would jump onboard and get long now, only faces a worse risk-reward ratio in this trade due to a different entry point.

The rationale for being long hasn't changed, and our open long position remains justified.

Trading position (short-term; our opinion): long positions (100% position size) with stop-loss at 2700 and initial upside target at 2970, which is where the 61.8% Fibonacci retracement is. Stay tuned as finetuning the open trade positions' parameters is likely.

Thank you.

Monica Kingsley
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care