S&P 500 futures:
The long-term trend is still up, but I’m neutral short-term. No trade.
Monday is a potential buy day. I’m looking to get long at 125 or lower in the March contract
[USH9>USH9] to catch a 16- to 31-tick bounce. Keep an eye on the larger picture, though: As
long as the market trades below 126 15/32, the
intermediate trend is down.
No short-term trade. The intermediate trend is down as long as the March contract [DMH9>DMH9]
trades below 6010.