e mini spx futures are a product obviously in huge demand. I'm still long the index, and long futures, but I'm waiting for it to show signs we are beating 4500, in which case Im long the breakout, or we are resistant to month highs, in which case I'm long after testing support around 4450. I'm only short if we break the daily uptrend around 4400 and test more resistance below 4500 or continue bearishly immediately breaking 4389 or so. target for long is about 4375 at least, and target for short is the former consolidation area around 4325.
"cautious sell"
"profit taking"