Today's move was a strong breakout from the resistance area we've been watching for the last few days. There was a lot of participation in today's move which shows this uptrend is still strong. Microsoft, Amazon, and American Express all disappointed the Street after the market closed so we might get our pullback tomorrow. The futures are currently down at the time of this posting, but a lot can change between now and the market open. If we do pullback, look for us to retest the previous resistance (around 950 on the S&P 500), before continuing the trend. We don't have to pullback all the way to 950. Consider any pullback an opportunity to enter new positions. Notice how we managed that last move. We took profits as we were hitting resistance (after several "up" days in a row), but we held on to a few contracts in case we continued to go up (and higher we went). If we do start to sell off tomorrow, we can sell those remaining contracts and add to the nice overall profit in the trade. Great traders take some profits off the table...even if they think the trend will continue in their favor.
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