US Markets - Tactical long in the S&P
The S&P came down to the 2875 level we highlighted in yesterday's report which is the lower end of the regression trend channel and a MFU-2 target. When an MFU-2 target gets hit, it typically leads to a decent countertrend move. Because we don't know the magnitude of a "pop" up, we think its worth a shot to cover our short and go long for a tacticall trade. We will reverse the trade on a move below 2875 and then target the MFU-3 level at 2818.
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