The day prior to today had a nice rally from the 4780 level up to 4950 area. The overnight session hugged that zone until about 0430 New York time. This left a really nice resistance area about the 4950 level. 4900 zone was holding its own coming into the open. Once price broke to the downside on the open, again finding support and giving us a nice Dowscalper setup, it was a great buy. While we do have a standard profit target, aiming for the resistance level and trailing the stop was a no-brainer play. 20 pts and done.
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