The S&P 500 has been trading overnight in a narrow range, but still more than a few points above my moved stop-loss. To make up a little more breathing room for the open trade, I am moving it down by 10 points so as not to be thrown out of this trade by a white noise move - please see Trading position section for details.

Please note that depending on your broker / data provider / traded instrument, the 3430 level might have been hit by less than one point. Should it be the case, staying flat would be reasonable. If you hadn't been taken out of the open position, please contact support at SP so that I know that you're still in this trade, and can keep you updated on this case of open trade management,

For the majority of you though, I am leaning towards the position having been very narrowly closed already (thus I will consider this trade as closed), so please do raise your hands if that hasn't been the case (for you particularly, so that I can then attend to your needs). Thank you.

Trading position (short-term; futures; our opinion): long positions (100% position size) with stop-loss at 3418 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.