So the break above 7600 has occurred and even if stopped out earlier (see below) we should be long again.
This green candle is stunning in its power. Just stay with it is all. This thing can go to 15000.
STOPS The bane of trading life: With a low at 7322 some 'stops below 7330' may have been taken, which
is very annoying if you got taken out here. Also difficult with spreads as well to know exact spot to place
the stop. But with something as volatile and with such a large number (7000+) to contend with around 15
points below or above a key level is about right. Even then, it might have still taken the position out,
depending on and spread at that moment...It's a crying shame, meaning only 290 points won
from the breakout last night...but then you're up another 250 in the last 10 minutes! Stick with it now.
Been chasing this around all over for 5 days solid. Finally this thing is bagged, tagged and in the freezer
...with the lid slammed shut. The leviathan. Now for a Nantucket sleigh ride. Enjoy the ride and don't get off.
It can come back to the break level at 7550 and eevn as low as 7510 on a spike lower, but that should be
absolute worst as day traders fight the middle ground in overbought territory for a while.