Momentum indicator (CCI) has made a good come-back to the top end of its range, while S&P500 futures price recovery was feeble or sluggish.

The suitable S&P500 trading strategy for last 2 weeks has been suitable staying long on S&P500 futures (ES) above 3700 level, and the market conditions were also suitable for selling S&P500 put options, especially the liquid SPY put options of 370 and 380 level..

On closing above 4000, it will be a clear breakout and 4200 will be reliable target. At current level of near 3900, a quick correction of 3800 is possible again if momentum reverses from here.