TP = 2,930 hit as the 1D Channel Up ( RSI
= 63.529, MACD
= 18.870, Highs/Lows = 16.9464) rose to a new Higher High that even extended as high as the lower layer of the 2,947.75 - 2,966.75 Potential Higher High zone. Ahead of Wednesday's Fed Rate Decision, the index is expected to pull back and rebound after the statement. The potential bounce points are 2,927 and the Higher Lows on 1D = 2,910 and 1W = 2,878. We have a long ready on each of those Higher Lows. Our current TP is 2,960.