Friday's profit taking is the usual mode of operation, nothing's new with that.
Though Mr. Market is still on a roll since Monday, seems it might loose its momentum come next week as far as my observation looks like.
From this 5-min. chart, I shorted Mr. Market from the top (see the double top), and made a +$250.00 gain from it.
Per technical and pattern observations, double top formation is a signal for the bears.
Also, a long trade is possible after the "W" formation between 10:00 am. and 12:00 noon.
Notice the two long legged doji" candle?...it made a dramatic upside after the pullback.
In trading, observing the market movement is the only way to make a good trade.
See you next Monday fellow traders, have a nice weekend and I hope I was able to help you make $$$...
