but, imho we're not going to go through the 30's before the FED, so I'd say we trade in a range, slightly down for the next 3 hours.
Boy, was I wrong...
but, imho we're not going to go through the 30's before the FED, so I'd say we trade in a range, slightly down for the next 3 hours.
ES Targets for this leg of the rally 2925.25 (real close) and if it has the audacity to keep going, 2937.75 and then 2958 ... in any event, the SPX should reach 2930 at a minimum barring a pre-open collapse.
Going for 2950, yes? I still think the gap at 2970,50 is a likely target today too.
But not playing it. While the trend is very clearly long - I'm too nervous to enter from here as it can either reverse or experience a deep pullback before resumption.
Live to fight another day.
There is no such thing as stop running in ES of course------there is only bad stop placement.