Where is everyone? The day is still young and we may see a pullback first, but the odds of a complete gap fill or at least very close by EOD are good today. Approx. 60 % for the full close. A bit more if we allow some 'leeway'. That's 3816,75 on ES. Since my weekly forecast too is pretty bullish, I'll bet on the full close.
I’m long some delta in single name option spreads, but net short delta in a ES option spread. Will keep tight leash on the position. Edit: Net bearish delta basis ES overall.
I still monitor this forum every 10 minutes. I don't post anything here cuz I look like a noob. I hv 4 mes and 2 es hoping it will go up.
Feel welcome to chime in! The noise and gibberish here have been extremely high in the past, so I sincerely doubt you'll do worse than that.
I'm flat and just watching now. Have some other things to attend to and don't want to put my money at risk entering here when I can't monitor it closely, although 3810-16 is calling. Took some heat pre-market (long in the 90 zone) with a larger stop, so was just happy to call it a profitable day close to 3800. Stressful morning.
Out of my bearish ES option position. After ES made a 30 minute low, very little follow through and volume died. Made a whole point, though!
I'm bullish for the week ahead: Who else thinks a Correction may be coming? My top call #2 1/9/2021 I just checked my prediction model with updated data and it seems like new highs for today's session is very likely. Personally, I don't like the R/R right now and will take a pass. The right play today was long off the morning LOD or on the deep pullback culminating at 11:13. A second deep pullback might be worthwhile for a long, but right now I'm wary of buying tops even if I know the upside potential.