S&P 500 testing the KEY level of 2715 mentioned in our SP500 outlook published last night (current high for the day registered two points beyond, at 2717.26 with the index currently at 2714.93 @ 1125am EDT).
If the index closes above 2705 today, it will negate yesterday’s bear push and point to it as a bear trap.
Be cautious about false breakouts in either direction. Better to trade with the medium term models than with intraday, aggressive models for today.
For detailed trading plans with varying risk profiles, please click here.
Happy & Safe Trading/Investing!