holding at support or no support, the question is now?

                               30 min. view

There is no rule that say you must be in the market.

"First, do not be invested in the market all the time. There are many times when I have been
completely in cash, especially when I was unsure of the direction of the market and waiting
for a confirmation of the next move." - Jesse Livermore

Remember that in 200 years, it's very likely that nobody alive will know that you ever existed. Most of our daily frustrations and triumphs will amount to nothing in the end. So: Don't spend your whole life doing things that make you feel crappy. Very soon we'll all be dead and none of this will matter. There's nothing simpler than that.

Until there is a strong breakout with good follow-through, there is no breakout.

Last week’s sell off was climactic and it will probably be followed by at least a couple of day’s up this week. If instead this week continues to sell off with big bear trend bars, the odds of a bear breakout will go up.

NOTE:  continue to position in agreement with the controlling price action, keeping risk in check, trading day by day, and be prepared for just about anything

NOTE: this Wednesday at 11am PST we have FOMC Meeting Announcement