Nice rally yesterday, lots of dip-buying, market went up first, retraced some, then rallies again, mini retracements throughout the session were met with more buying as SPX finished near the highs.
ST long stop exit @ 2901.3
IT short stop exit @ 2897.7
Be ready to exit and reverse if the market cannot move past the record high SPX, only a few points away, or if there is selling during the last hour or two. I use the 15-minute and hourly closes in relation to daily SPX stops to assess and evaluate where the market is and decide on possible new entry or exit from existing positions. BUT, I am a "shoot and ask questions later" trader: close positions if I am not sure or do not like the behavior of the market, and then decide later to re-enter in the same direction or reverse or stay on the sidelines.