Reason For Hope?

It is okay to want the market go turn around, but to act on hope in the face of declining prices does not make sense. Maybe this will happen or maybe that will happen which will motivate a turn in prices, but you are better waiting for confirmation of a turn before getting involved. An objective look at price action tells us that the trend continues lower. Risk Management is ALWAYS job #1 and the lack of risk management by “smart money” is what got us into this mess.