Hi Mark,
On the attached picture shows the SPX reaching its lower support. This would infer that (for the short term) maybe a bit more down but not much more...?
My take is that this down move has a lot further to go (although a short term oversold bounce is certainly possible), but I respect a fellow traders caution....
Risk control is what it's all about so I support anyone bailing out when their tools and methods tell them it's prudent to do so...
And I don't claim to know all of the answers, so other input is always welcome. I can always be wrong....
Mark
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