Yesterday Dow topped and failed to breakout.
Current range indicating in Yellow and Green.
Possible 2-3% drop to 20 day low.

 If it bounce before get to 20 day bottom, still ST uptrend and will test the top again.
If it bounce on 20 day Bottom, possible longer uptrend after having dip.
If broke down below 20 day bottom, potential correction will be followed.

 CASH: 
I think I said it before. The day like this, CASH is the KING!

 How to know when to hold CASH?
Just look at the watch list, when you see the sea of red that's the time to hold more cash.
Once you have more cash to spend, just look for the true bottom per each company based on the chart.
FOCUS!
Find the Stock hit the bottom on the chart then Nail it with your cash.
When bounce, don't be greedy. Take the profit and move on.
OR
if you want to hold for LT, sell half for the profit and keep half then swing later with the half you just sold.

 In fact, I love the day like this and my system always outperform in the bear market than bull market. That is because the system is looking for the bounce rather than ride along for the long term. And the big bounce usually comes after big drop.
Imagine that you drop the ball from the roof.
It will bounce harder when you dropped the ball from higher.

 Only thing you don't know yet is that if the ball was tennis ball or bowling ball.