Where to now???

I'd be on the lookout for another final capitulation type move, followed by a vicious bounce similar to what occurred on Wednesday. I think we are not far off from a bottom here but as always I would wait for a confirmation ie follow through day before going long. I expect the bounce to be just as wicked as the sell off and we should test 1250 on the ES before sellers again come in and we retest the lows. From there we either double bottom or all hell breaks loose. I'm hoping for the former as I'd hate to see people losing their jobs and livelihoods etc etc. A bad NFP this morning and we may get that capitulation.