Well, is that a rhetorical question that requires no response OR do you really expect me to think that the target of 78 can be hit in a single day?
To continue with my utterly worthless prediction, methinks we'll gap up in the morning only to sell off into the inventory numbers. But beware! We could roar higher afterwards. Another catalyst might be the FOMC meeting, which will be tweaked to push the equity market higher.
You can do both. If you see a reversal in trend it is wise to swing trade it while daytrading the position around.
Im really hoping it will get above 75 before close. Right now its got a ceiling of 7485. Someone go throw a buy mrkt 500 contracts
Yes, I'm a day trader by choice. I would proudly wear the badge of honor as a daytrader than anything else, but there are times when exception is made like now. These are when I feel the market is about to reverse. But rest assured, I am not a swinger nor a position trader (god forbid!) by any stretch of the imagination.