Today’s touts include a very bullish target for the S&P 500 Index. However, the futures show more immediate resistance at the 1816.75 target shown. Nimble traders can try shorting there with a tight stop on Monday, but because the A-B impulse leg is somewhat gnarly, camouflage is suggested. If there’s an opportunity to get long for the ride up, you can use any profits thereof to cushion the stop on the short reversal.
