The Power Ball is about to Explode.
Updated
Price has compressed into a ball.
The algos were in complete overdrive today.
Looks like we'll break upward, but obviously we're in a news driven environment.
Fed talking tomorrow likely moves on direction or another. It was literally a shredder today for price action.
They may raise rates an I would expect we move higher because that's how you take peoples money.
Expect the move will be fast - we moved 20 points today in 3 minutes or less. In normal times that would be about 40% of regular days move.
Note
I just noticed on my NT8 platform that move where I think there will be a pullback which is there is line indicating the 5 day average price is also a naked point of control in the regular session so the 'easy target' is 4211 - (eye roll) Its 40 points - could happen in 15 minutes this market.
Trade closed: target reached
Nailed it
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