Pretty basic prediction based on a few factors.
This prediction assumes no "market events" occur between now and Jan 1st.
- Vanna/Charm flows strength due to OpEx
- Seasonality
- Hedged Equity funds positioning
- Large gaps lower from Nov1 short squeeze
- T/A of an Inverted Head & Shoulders forming
- Gamma Exposure of overall dealer positioning
This prediction assumes no "market events" occur between now and Jan 1st.