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yes it is possible. The status in the report will reflect this after the originally scheduled delivery time: "Canceled emails will not show up as a soft bounce until the time they were originally scheduled to be delivered in their respective time zones. Up until that point, they will still display as "Send Email." So what you did seems to be right.
See the docs for the details: Abort Delivery of Email Programs Scheduled with Recipient Time Zone - Marketo Docs - Product Documentation