S&P 500 is testing the KEY 2680 level mentioned in our forecasts numerous times over the last few weeks. Our aggressive models closed the booked the short trade profits early and are currently flat, cautious of potential spikes up from the 2680-75 level.
IF today closes below 2680, then we enter the bear territory. Today’s close would set the stage for the next leg of the market move.
Be alert to sudden spikes up. Currently SPX at 2682 (2:10EDT).
Safe and Happy trading! Check for today’s outlook and trading plan here.