Seems that this index is going to take a deep breath and show us some strength. Personally i will trade this with stop loss really far away (due to ) so here is the strategy i am going to follow:
Open long IF today closing price is higher than 2500.
Target around 2900.
At 2900 i will start to add on shorts as i think this is merely a corrective move rather than a new cycle.
Reasons: The recession has still not yet been discounted on the price and it will, believe me. Do not invest now, is not yet the time.
Have fun out there,
***I am not your financial advisor neither I intend to be, please do your own research before risking your money***