[DbPhoenix]

I don't know that I'd call it capitulation. Price is travelling from the extreme back toward a search for a "value area". There's one potential support area in yesterday afternoon's consolidation, which in turn sits on top of EOD consolidations during the previous two days, all of which means that there's loads of support between 1400 and 1410. This is not to say that price can't cut through all of this like a hot knife through butter all the way back to 1385, but that's not likely to happen today. And it may not happen at all.

In the meantime, I manage this as I've suggested before: begin scaling out at potential support, then the trendline break, then the breach of the last swing high. However, price held at the last swing high in both ES and NQ, so there's no reason to bail. Yet. And EOD traders needn't bail at all.