I'm still a little annoyed that the Market managed to get me out of my long position at the end of trading yesterday, especially as it looks like the ES is now approaching my target of 1099.50. But, thats in the past, now lets focus on this morning's open. It appears that we will gap open on the SPY. If that happens, I'll look to short the open and look for Gap Fill at which point I'll reverse my position to the long side and again look for a first target of 1099.50. If the market has some strength at that point, we might be able to reach 1102 and from there look to 1105.
If we don't get Gap Fill and we continue up (by the way, when I talk about gap fill, I talk in terms of the Spyder [SPY]), I will look to take a short play at 1099.50 to 1100. Actually looks like we are approaching that level now as I write this before market open. I'll be back...
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