Architect_of_the_Capital

Architect_of_the_Capital

The hardline (flat) provides strong support. The softline (upslope) provides weak support. I still believe it is a long until the upslope line gives way. We may experience another low test in 2050's, but I would not bet on it.

Architect_of_the_Capital

It's my first day back in a while, but that also is a hard line.

Architect_of_the_Capital

I allow myself 2 shots and I've given 2.5 points already. That's a hard line at 2088. Long 2088.25, Stop 2087.

Architect_of_the_Capital

I see the line at 2096 as a contrived S/R. Same with what's at 2100. However, at this time, it is safe to move the stop up a couple ticks to 2088.5. That's first. Second, I set the first Profit Take for 33% at 2101 because of position management rules. Third, when and if 2101 comes in and my position size is reduced, I will move my stop to breakeven 2091.

Architect_of_the_Capital

Risk 3 points for a trip back to 2100 and beyond

Architect_of_the_Capital

SPX is in uptrend, breaking away. As long as the line at 2060 holds, it's a long. Just ride along using fair risk management. The way I see it, this is the breakout happening now to higher levels. This consolidation is over.

Architect_of_the_Capital

Biitcoin has now broken through, then retested, then carried higher from the retest of a major control line of action.