About meEngineer seeking employment with Tesla or the Fed. I'd be happy to privatize a partnership related to markets as well. I've logged my 10k hours and read more books on the subject than most.
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.
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.
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.