The downside momentum didn't reassert itself in the very short-run, and the S&P 500 is working to break out of its premarket consolidation to the upside instead. This is making it justified to close the previous short position at market and simulatenously enter into a long one.

Please see the Trading position section for details.

Trading position (short-term; our opinion): long positions entered at market (that's 3070 currently) (100% position size) with stop-loss at 2580 and the initial upside target at 3400.

Thank you.

Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.