Never too late to join a strong trend. We might be a bit overextended for now, though. So, not willing to risk a pop below current lows. Make that 82.75 for the stop. EDIT: And out for 1 ticks of profit. Not worth chasing at this point, IMO.
Current low overnight is 3878. I refer to RTH prices/session, though. So let's see where the market goes in RTH. But I think we have a good chance of revisiting these lows in RTH if the market reverses here.
I don't necessarily agree on the longer time frame charts being a waste of time but you have to know how to use them -- so even though price had reversed up at the end of last week -- the price trend and momentum on a weekly basis was still down (something that I wasn't paying enough attention to on Monday). And going out to the monthly (the next higher time frame), the momentum was still down (and B1S2 had acknowledged monthly was still down). Along these lines, I have developed some long-term analysis techniques that I can even use on quarterly charts to forecast up/down quarters for particular markets. You don't always get clear signals but when you do, they work really well. And even on a shorter-term perspective, that big picture analysis helps shape your trades.
Going long NQ with a tight stop here. The 4 hours is oversold and has slowed down a bit. I will use the ES level 3862 as a stop.