The S&P 500 futures
are trying to get above the top of their range at 3804. The last hourly candle closed above it and we're seeing relative strength
from the Russell 2000, Nikkei 225
, and other indices here in the US and around the globe. Testing the waters
here if I can get an entry at 3805 and look for upside towards 3855 over the coming hours/days. My stop is below that hourly candle's low, which also corresponds with the VWAP
for the session at 3795. Reward/risk is 5:1 and sizing this risk at roughly .30% of the portfolio...so relatively small given two straight days of trading losses.