It does indeed seem most likely. I'm not totally convinced, though. My view is simply that the number coming out in ten minutes will be the deciding factor. People who are either bearish or bullish will then mistakenly attribute their analysis as skill when it was probably luck. I may be wrong.
Bit of a snoozer, wasn't it. One would guess up from here, but that's just at a glance on the charts from my soul sucking day job.
This MOFO ain't going anywhere until the open. Hey, I did predict it will get very choppy this year, didn't I?
[8:30 AM, 1/26/2023] Mark Brown: 4071 is the upside target if we trade back to 4030 then 4011 is the downside target [8:33 AM, 1/26/2023] Mark Brown: the average 24 hour range is 62 points we have used 39 of those points in the overnight so if we have an average 24 hour range there should be 23 points left for this day session.
Name of the game is chop. As @MarkBrown forecasted, I think we'll just ping pong back and forth between 4070 and 4030. I would be surprised if we break below the LOD.