Comic as B1S2's pronouncements are, I think next week will see a strong move down to reverse this breakout. Figure 2875 as the target. Several features of this advance are suspect, especially the huge cash gap yesterday followed by lack of follow-through today (assuming we don't rally hard into the close), plus the action under the hood. First hour on Monday will tell the tale. Thereafter I imagine we'll be stuck back in the range until Fed day catalyzes a decisive break, one way or the other.
I think there is only one way.....and that is down. Fed likely to disappoint. It won't be promising much....market expecting much more.
2PM ET on Sep 18th is going to be dicey indeed. But especially, I think the press conference 30 minutes later, where they give projections for future guidance/cuts.
I am not dependent on day trading income for existence. So, I don't look at screens all day every day.
FWIW, @Buy1Sell2 me neither. Frankly, I find day trading very boring most of the time. Golf, on the other hand, is great fun. For example, this morning, a short par four 340 yards. I accidentally hit the ball flush on the sweet spot with perfect timing and the tee shot soared. The fairway toward the green runs down a slight grade to the green, and I got me one of those Rory bounce and rolls and for the first time ever on that hole I drove the green! Unbelievable! I couldn't believe it. Neither could my son nor my friend and his son. What a great feeling! Better than any trade, I'll tell you what. I can count the number of eagle putt opportunities I have had on one hand and those are usually on short par 5's. This was something special. And yes ... I three putted for my par.
I do daytrade for a high standard of living. I look at screens 6 to 7 hours a day, Monday though Friday. All holidays off, and weekends are mine. What is your point?