Todays' action was good enough to give us a real nice weekly close and keep the uptrend intact. - I like it.
Todays pattern was a roughly -7 drop followed by a return to the opening level. It would have been a pretty sweet drop off resistance for support / resistance day traders.
Wouldn't that depend on if you calculated resistance support correctly? I think mopst fpold don't really understand where resistance and support are.
Fridays resistance point was quite obvious B1S2. Most people don't understand B1S2? By your spelling you can't even spell it right (mopst fpold?) I hope you're trading is better than your spelling .
A good place to take profit looks to be 2383.00--Might have to hold afterhours or into other days to get there.
To me, the odds favor being long. If not, I have my stop. If right, I'll let the trade run to maturity with full boat on. This is the essence of successful trading.
Not the greatest day for my position, but certainly not the worst. There is a good set up still going into afterhours and tomorrow.