Resistance right here at the 200 day MA. I expect to go back through and close above it fairly soon. Headed out for 19---Staying long----Talk soon.
I don’t care what Powell will say on Wednesday, everyone knows pretty much what the score is by now, let’s just thrust it to the Moon.
My best guess for today is we'll close Thursday's gap at 3995 by the Close. Not sure we'll get legs above that, though, but we could?
Question is if we'll see a deeper pullback first. Say 3969. Tricky. If the next thrust higher fails - I may reconsider. An Inside Day can after all happen.
Wedging... Should see a pullback low within 14:30 and not much below 69 if we get that far. If we drop below that I would assume the day range is set for the day.
Looking good... Anything goes in this market environment, but we shouldn't dip below 69 from here if we are to make that 95 print on the day.
Each and every day a given level will usually be hit. Like clockwork. However, the market can range and chop and d**k around for long periods of time before finally hitting target. Is this by design? Or is it simply that the orders/volume required to move the market doesn't come in until later in the session? I'm mostly speaking about the PM part of the session here. For today, for example, I'm sure plenty of traders will be chopped up and broke before the market finally makes it move (which I still favour to the up side).
We're going higher from here, folks. We're trading at the lower end of the range and will very likely go right back up to 4200. As I previously said, this year will be marked by incessant whipsaws (not only for the intraday moves but also on the daily timeframe as well). Back and forth, back and forth. If this ain't your cup of tea, well, stay on the sideline.
I really dislike it, but for now it's all I know. I agree with your read on incessant whipsaws, though. Less certain about 4200.
out 85, just +5 points this time. plan to exit last lot at 4017.25, 200ema, let’s see if we get there before the rate decision.