Absolutely possible....next resistance level is 3109, the last fib level on the way up. NQ is only 360 pts from ATH's and has blown-out all fib levels on the way up.
Certainly a strong market we're seeing lately and some huge gaps as well, but I still think we can be topping here. + 2,24 % yesterday. + 2,41 % last Monday. Gapping up more than + 2 % really ain't that common over the last 15 years.
If we get up and close strong here over yesterday/today $SPX cash highs it would also be first time we close above 200 day MA. Dunno how much that matters in the grand scheme of things but surely there are eyes on it.
Stopped for + 5,00. Could have been one hell of a day trade, but ended up a lousy swing trade instead. The bulls remain in control here and I have no problems admitting I'm a little bit surprised by this strong reversal. End of month effect? I still think a correction is in the cards eventually, but who the hell knows in this crazy market. LOL.
I feel like this display shows that 'they' really can move it where they want, and as such, surely new all time highs are on the cards soon enough. Will try not to let if effect my daytrading too much (only my swinging lol), but that's my strong belief.
I don't know if we are going right back to ATH, but I definitely agree it's always going to go wherever the hell "THEY" want it to go. If that be ATH, then see you there.