Quote from Eko_Trader:
Given yesterday's partial reversal/headfake, and today's one way move to the moon, the next couple of days are typically bullish barring any shitty news. This will be my excuse for buying anything under the 50 day MA.
On the Flip side, I am watching what the bears will do at the 20 day MA @ 1068 on ES. If they fold like a cheap tent, then we head to the 50 day which will probably be around 1088-92 by then.
If the bears pound it again, I'll look for 1028 as the first target.
My trade: Find a spot to go long tomorrow (barring any shitty jobs/sales #) I won't suggest a short until the 20 day. Then again, I can be wrong...so keep them stops tight.