The S&P 500 upswing is progressing along nicely, helped by solid HYG ETF performance. The swing structure is favorable, making it justified to lock in profits while letting them grow should the bulls overcome the barriers ahead.
Trading position (short-term; futures; our opinion): long positions (100% position size) with stop-loss at 3225 and initial upside target at 3300.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.
