Short-term trend remains bearish despite the recent bounce. "S&P 500" futures ahead of the Wednesday cash open are pointing lower after Trump stepped up trade threats as White House economic advisor Gary Cohn resigns in protest. This increases the risk of volatility, which could cause another decline of the market.
Short Entry: 2715
Stop loss: 2772
Target: 2600
Risk/Reward 2
This short functions to hedge the long position from 2651 (see related chart below), which remains open until the stop loss at 2663 gets taken out.