The Grind

[PlanTrader]

Thanks Kid, trade plan reminder... you have 154.75 as the entry, but the HOD today is 154.75. We always want to enter at least a little bit higher (in this type of play) in case the previous high serves are resistance.

Also, with yesterday's high of 154.94 so close above it, I'd wait for that to clear as well. Which in the swing trade world means clearing $155 (major whole # rule). $155.20 is more of a breakout; to clear 7/10's high. Remember, we're swing trading the daily chart & using more granular chart to fine tune our entry prices but don't want to trump the daily chart as far as S/R goes (if there is any).

Also, your stop is a daytrade type of stop (very small; usually too small for swing trading).

If you enter prior to the above, you might want to daytrade exit... as that type of entry is on a minor price level with potential resistance above.