Hopefully there will be a last pullback before the long target gets reached. Due to the fact that the bounce train has started to leave the station - in order to get filled - I recommend the long entry far above Monday's low (which was at 2698.95).
Long entry: 2712.5
Long target: 2755.0
Stop loss: 2696.5
Risk/Reward Ratio: 2.66
This trade remains very risky because of July 4 being tomorrow, therefore I can only recommend a small position size you are willing to lose.
Worst case would be a sharp drop in global markets happening while US markets are closed for trading in observance of Independence Day. In that worst case the US market would then drop big time like a stone on July 5 with a huge gap down.
FYI: Which markets are closed on July 4th?
I closed the long position from 2712 at 2759.
I'm waiting for a dip. To me it looks too over-extended here to go long above 2770 with this trend line resistance right above. On Wednesday it should be easier to see where this is going.