I'm actually considering holding overnight, although it will depend on how the market reacts after 2pm. A few more stronger hours - back above the 10MA of 1350 would make me reasonably confident for further upside into Tuesday. Holding overnight is certainly not without significant risk though.
Sp'60min H/S formation - 1370/80 still viable
The chart above has been changed a little, but not too much. It is still a VERY viable formation, and I'm still going to use it as my primary formation for the rest of this week.
So, lets keep a close eye on that 60min cycle, can we go + MACD cycle tomorrow morning, and battle upward to 1370/80 - for the Facebook IPO later this week?