Although I like your response. I must say that berating a contributor such as LF is not redeeming in any way. If you don't agree with him/her, simply ignore the post.
Not overly bearish here short term. As long as ES is trading above 4266.75 we have potential for more upside than some people might imagine. Trading much below that though no good for longs imo. EDIT: This is actually classic TA. ES Daily closed right below Daily resistance Friday(4382) and than this pull back goes real close to the Opening price bar of that huge move up on Daily and now we rally. I only have 1 MNQ long runner though.
4281 Ordinarily I'd pull out the magic pencil and come up with a # below that and say buy it here. Not tonight. Btfd. 4281 will work just fine. If you can hold on thru the night.
The pencil comes in not that much lower anyway. About 4271 The pajama traders could easily knock it that low. And the nervous nellies on the Euro-open. Other than that... we're going up.
Monday / Tuesday pretty important. We need to keep trading above 4266.75 and eventually work our way back up that last relative high we made and clear ES Daily resistance at 4376 currently. Candle closing below 4266.75 on the Daily chart sets up a complete fail of this buy setup. Going to try and hold my MNQ runner here for next couple of hours and see if we get some good movement up.