Bracing for a Bounce

As mentioned in my last post, I think that US equities are due for a bounce and I've been scaling in longs and have an average long position at 1263 that I'm holding over the weekend.  I'll be taking profit on most of this position in the 1292 - 1294 area.  I also see a possibility that Monday morning might open very negatively (VIX tapping on 20), down another 10-15 points, in the 1050 area.  I'll be adding longs aggressively in that area expecting a robust move higher from there.