Strong price moves currently and likely will see higher volatility incoming 5 trading days also. Plenty of dark clouds hanging over the market right now but still guessing on a sideways or somekind of a corrective move incoming week 40.
1. Still need to put in a lower low to kill off some tight long stops
2. Still might need a short cover event for a more significant bounce to take place (a lower low to stop out tight longs and a push/gap up to start gunning short stops)
Let's see how it plays out. Using smaller positions in current environment is suggested.
Take care and GL!