This is PRS's first official guidance on the SP500.
Intermediate regressions say 2885 is a no brainer. Will update as often as I can.
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Until 6/26, ES as some fight left in it. But should only provide a better entry for this short. Note that it's near where the bold gray levels out and curves down.
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UPDATE MONDAY POST MARKET
UPDATED REGRESSIONS SAY ES RUNNING OUT OF TIME. SHORTING AT TUESDAY MARKET OPEN IS FANTASTIC R/R UNLESS IT DRIVES TO 2175. IN THAT CASE, DON'T SHORT ES, WOULD STILL SHORT SMALL CAPS.
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TYPO UNLESS IT DRIVES TO [3175]...
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I really should have put the bounce in first to be more specific.
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Several opportunities to close ahead now. Lets just call this a win. Still targeting 2920. I just dont have time for it anymore.
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