I was just waiting patiently. I now have an order working to buy ES Z8 @ 1204.50 with a stop at 1190.50. profit target at 1215.50
I will hold it overnight.
after a collapse like today the bounce should be quick and sweet allowing you to play both sides of the market. Long first then Short after the 9:30am EST open. I'm looking to get long in the overnight make my 10pts then get ready for the short in the morning. The reality is that we still are nowhere near the 52 week low in the NQ @ 1668 so until the next set up is complete we should bounce and consolidate around today's reaction lows.