The S&P500 futures have made a sharp recovery from lower levels of this week, and they are back at 3150, recovering all the lost ground earlier this week. This creates an interesting but high-risk setup for next week. If the futures start trading below 3140, then can rapidly lose ground again and fall back to 3100-3120. On the other hand, rapid gains can come above 3150, and our target for such an upmove is 3180.

Therefore, Traders should take profits at currently level of 3148-3150 and wait for clarity on Monday, and then restart the long trades if the futures are moving up. The absolute stop loss on all long trades is now at 3113. Thanks.