Remaining short on S&P 500 – Sunshine Profits

FXStreet (Barcelona) - Paul Rejczak, Stock Market Strategist at Sunshine Profits, maintains a short position on the US equity index S&P 500, targeting 1980.

Key Quotes

“The broad stock market remains relatively close to its all-time high. There have been no confirmed negative signals so far. However, we continue to maintain our speculative short position (2,098.27, S&P 500 index), as we expect a downward correction or an uptrend reversal. Stop-loss is at 2,140, and potential profit target is at 1,980.”