S&P 500 Index Trading Position Alert


As per our forecast and trading plans published last night, here are our model positions:

Medium-term investing Models: 

Flat (no positions) – no trades entered or exited today. 

Intraday, Aggressive, Short-term Models:


Went short on the break below of 2775, and covered for profit on the rebound from the often mentioned 2760 key level. Currently Flat (no positions). 

Models indicate no more short selling for the day unless the index breaks below 2760. The day’s low could be already set at 2761.73 (the time of this posting/forecast is 11:05am EDT – we will revist it after the session close to check how it would play out).