There's an open gap from last Tuesday at 4001. I can see it happening today. First things first, though. Need to take care of Friday's Close at 3973,25. Stalling a bit here. Generally, we should expect Friday's HOD or LOD to be taken out by end of day, though. That's either 3991,75 or 3942,50. I'm locking in 2 points of profits here at 56.25 and just going to let these morning gyrations do their thing and hope I'm out of harms way which I should be if we do go higher.
And stopped for 2 points of profit. I'm still leaning long here, but not sure if I'm going to re-initiate another long today. Let's see.
Sp far, we haven't been able to move above where I got out of my long. I would get long again if we get a pullback with some fresh upside momentum. One thing that is important as a trader is to not fall into the trap of "fear of missing out". We definitely are still in long mode on the daily and weekly.
This 50 level have been a good demand level recently, so looking to see if it can hold up once more. If not, it looks like the next 50 points are to the down side.