Probably where we are now, say 4310. Looking to go modestly long for a position trade at 4500 or so, using Friday’s low as a stop.
So you're saying you're going long at ~4310, target ~4500, stop ~4240? Sounds like you be in that position for the long time.
So long at 4300, stop ~4240, no target. Not a bad position trade considering how far we fell (even including Friday's bump) since August along with seasonality, Jew war notwithstanding.
To be clear, I have no position yet. Based upon the opening and evolving risk environment, I may not be going long today.