11:30 AM
The last 2 days were volatile, both went up in a big size. In both of the days, the market went down over 100 pts in the morning, and came back with more than 100 points gain in the afternoon. Basically, I marked them distribution days.
This morning, the pre-market was flat. Now it is down on .5% average. I guess it either starts the A-B-C wave B leg or rolling down. We should see it clearly. If the market close flat, I am gonna lean towards the rollover formation. If the market close sizable down, I will think this is the B leg down. If the market goes up. I will add short position.
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