Broken Channel Uptrend Still On

Today was an amazing day for day trading. We are tightening up our stops on the swing trades. Expecting price to go up for a few days. Fridays can be weird though. The bearish engulfing pattern is sometimes followed by a move back to 50% of the candle. So we are looking for the price to move up a bit from here. After this we are not sure, probably consolidation. Really we are never sure. We just look at the probabilities. Closed half of our position on DOW today for a nice gain.