We are just short of 2650 here. I will continue to hold long and will consider profit taking at 2690 area.
The intraday floor earlier today was established a 2580 area as described. Now, I believe a short term floor is in at the 2620 area.
We are right at a resistance level here of 2660. However, I think the stronger resistance level is 2680. If we should get to 2690, I will consider taking profit, but I may let it run as well. 2690 is the place where I will consider profit taking , absent an obvious sell signal prior.
There was an alignment long this morning prior to RTH of 5 time frames. Daily, 4 hr, 1hr, 15 min and 5 min.
Covered final 25% just 2 ticks from swing lo move yesterday just before the move... You could feel the Turbo Blasters heating up for a significant Rip North bound.... Was not interested in giving up 100+ handles...Just missed my buy scale pyramid entry from 00-95.... I`m patiently awaiting 2740-50 TL Kiss from under with size!
I have re-analyzed my swing long stop this morning and I feel that I have it set properly here at 2528.00 so I will leave it in place for now. Pricing is currently 2660.50 and I am long from 2563.00.
We really should have some intraday pullback to close the overnight gap as there is an area of about 10 points that was not explored yesterday.