Nope. This is not the same setup as the big gap down last week. I was much more nervous about this one and don't trust it. Played a lot more conservatively.
I had an extremely powerful and complex technical reason for targeting that level. Back in early Feb's strong pullback, I was watching ES sell off hard and it found amazing support in the 1040's. I couldn't remember exactly if it was 1046 or 1042, so I placed my target a few ticks above 1046 figuring that would be a decent enough profit. To put it in plain English, it was a support level based on the "I guess I'm getting old because my awesome memory is failing me and I can't figure out how to get an accurate long-term daily chart of ES up on QuoteTracker" strategy