I feel like the momentum to the up side might be dead for right now, but as a trader I need to have a plan in case I need to hedge or exit my positions. The plan right now is to short some Russell 2000 index futures if the S&P closes below 1040. 1040 on the S&P has been a spot that I have been watching, and a break of that level would put the next support area at 1020-1025. Also we have the big unemployment number tomorrow and the weekend is here again (how these weeks fly).
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