Seems like we're all set for another up day. Same game plan as yesterday. Bullish as long as 3078-80 holds. Will be stalking a long entry on the Open, but can't rule out a small pullback before we finally swing up to 3100 +. Should be interesting to see if a move above 3100 can bring forth some selling as I've been anticipating or if the FED train just keeps rolling.
Took out 3100 before we opened. I don't see much to prevent us from trading all the way up to 3129-30 today? Well within what's normal recently. Thoughts?
We still have NFP on Friday and FOMC next week. So there may not be a selloff until late next week at the earliest.
If that 3096 ish holds, this may creep up, But I think some profit taking smack down is more likely since everyone is on the same page.