Could be a late day YM rally... (I know this is ES journal, but since I believe indexes are synced at this time, I figure I can get away with it. )
1) 12547 is a key level... a price consolidation area as well a S1 on pivot (depends on which calc you actually use). This may act as a spikedown magnet... be prudent, don't chase.
yeah, i got in after that last bottom-out at 1436.25 myself, i think the down trend may be over for now, but after trying to get long earlier, I'll be happy to make scratch.
if i could figure-out a decent martingale pattern i'd use it, but i can't, so i'll just have to wait until week's end to tally up.
ya I see the rally beforehand as well.. If they are serious about turning this market you should see buying coming in at 1436 on the retest. I will be reentering there again. risk reward is good