The futures are currently at 2016. The S&P 500 Index is at 2025, so futures are at 9 points discount. The index has support at 2015, about 10 points below current price, failing which the index can go 1990, which is 35 points below.

So we are waiting to see if the support levels will hold, and if they do, a new long trade can be done, otherwise below 2000, short trades also have equal probability of success. The futures are not suitable for long trade currently. The positive zone for long trade is above 2030 in futures.

• Traders with 1-2 contracts: We do not have a new trade as of now.
• Traders with 5-10 contracts: You can sell 1-2 contracts at 2017 for Target 2005 and Stop at 2025. This is an optional trade.