And if we get some BIG NEWS over the weekend and right now this WAR could not be going any better, this market will close a lot higher on Monday as well.
exactly. couldnt be going any better as in not possible to get better news. im holding as will you. market will do the grading (ggg) steve
The Plan is still Bullish As long as the 100/320SMAs are Inclining and Holding Support then the Plan would continue to be Bullish. Until we get the 5 day SMAs crossing Negative and the 100/320SMA as Resistance the Plan will be long term Bullish. Profits on Calls can be taken at Tops and added at retests of the 320SMA that Hold Support. Puts could be picked up at the Tops but should be exited on any retests of Support that Hold Support. When the Markets are retesting the 100/320SMA is when you want to watch and make Sure that either the Support will Hold or if the SMA Support is Broken and it becomes Resistance. While we are Uptrending any Puts would be Sold when the 100/320SMA Support is Holding Support, or using any of the Even targeted support levels like 8000, 8100, 8200, etc. The INDU seems to like the Even numbers. Also Remember, the Plan likes to target trades at LOD signals and Support and HOD signals and Resistance :^)
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