Update

The decision to reverse was a mistake. I saw some up momentum but it was too an aggressive trade which doesn't fit the blog.

However , I think breadth indicators suggests market is close to be bottoming.
It can slide down more but the correction is at the corner.Therefore I keep the long even with this drawdown. If you feel you can't handle it than you should step out and close position. I don't see the correction occurs tomorrow morning (though I would be happy if it would) but rather a complex pattern of few days. Patient is the key here.

Good trading