S&P 500 prices are slowly but surely rebounding, and the high yield corporate bonds performance today hints at solid likelihood of stock upswing continuation. The open profitable position remains justified, and so is locking in more of the open profits - please see below.
Trading position (short-term; futures; our opinion): long positions (100% position size) with stop-loss at 3380 and initial upside target at 3400 are justified from the risk-reward perspective.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.
