Yes, I would think so. But the path going there might be rocky. I got chopped up today being both long and short. Let's see if we can finish this green or not...
Look at those tails in both directions. Scalpers market for sure. Like I said, they're not going to make it easy...
Not my kind of market. Or maybe my stops are simply too tight. NQ is showing a bit more strength and resisting. Choppy moves. Not so sure I want to participate on the short side, although that's where I'm leaning right now. Just going to watch for a while and see what's shaping up. If we can regain the mid-point and trade higher I still see a move higher by EOD. And who's to say we won't see an Inside Day today pre-FED?
ES new LOD => Instant 14,50 point rally. Not easy for new/late shorts. I'm long here. Let's see if this one sticks. Still targeting 3900. Maybe 3920 if we pick up momentum. But first need to clear this bloody 72 level.
NQ leading. ES still resisting. 3900 looks solid by the Close, but it's far from certain...Should be interesting to see the action once (if) 3885 gets cleared. I wonder if there's more upside potential today than that. If this market really finds a bid and someone wants to front-run tomorrows FOMC statement, who says we can't see 3950? Seems unlikely, though. But who knows...