The futures are on the defensive at 2681, being below 20 day SMA, but they have the support of a good defense done at 2650 level just 2 days back. So the current move at 2670-2680 maybe seen as support level testing. The sharp cut will come below 2650, so all long positions should have 2650 as the Stop loss. Long positions can be maintained above 2650 for target 2730. A reliable long trade will come above 2710.
[Bonus Trade] Buy S&P500 Emini Futures at 2680 for Target 2700 with Stop loss 2660.
That’s 20 points gain with 20 point stop loss.