So why not have 2 separate accounts, go long ES in one account then go short ES in the other account. Use whatever you use techinically to see the direction is coming to an end then close the ES contract that is at profit. Then close the 2nd EScontract once the loss has decreased to whatever profit you were looking for between the 2 contracts. Wouldnt this strategy keep your fears down by being a safer play? Could use your favorite future and more contracts if you have the funds. Just a thought.
Don't forget that sometimes the NQ will move opposite the others. There have been a few instances of this over the past 2 months.
? If you are long in one account and short in one account, then you are neutral. Why do you need to trade? what is your view?