It's unlikely that we close this gap today. Possible, but unlikely. My predictive model gives higher odds of new lows today. Waiting to see if we can close above 84 first or not. If not lower, most likely a grinder for the rest of the day.
I'm reversing gears based on that prior 5-minute Close. NQ coming up against resistance, so need to closely monitor that, though.
If this sells of today it should happen within the next 30-60 minutes. Holding a long here, but cautious of the statistical bias which says this can reverse.
NQ stalling at the Open being a laggy little ... like usual lately. Dragging ES down with. Scalpers market right now.
Every pop since Globex opened have been sold. Would be interesting if my prediction played out today. Odds are pretty high. I'll admit I got bullish myself for the last half hour, but it looks like an intraday reversal setting up here.
Today's an account churner. I'm going with my statistical model and shorting this (90) with a medium leash. One could argue that a lot of good stuff must be priced in at these levels as well, so I'd say the risk is to the downside at the moment. Relative weakness on NQ is also an argument for the short side. Targeting the LOD at 72 or more. Not my favorite kind of action either way as it's quite possible we'll just grind for the rest of the session and stop me out before reversing lower again. EDIT: Stopped. Got today wrong.