If you are uber long, you might be ok. Thinking the PP is the place to be.

News, or lack of news, trumps technicals. And, the technicals are in a total Bear tailspin.

Even though the last couple of buys saw sp improve, the OBV continues to dump. Those are the smart sellers. Also, MM's are trying too hard to make it appear there is buying interest. After a big dump, there is always a pop, then - without PR - the dump continues.

Buying today is a major gamble that there will be a Tuesday PR. Although that would be what one might consider to be a good scenario, there is no guarantee of a Tuesday PR. Tuesday will see continued pain if the PR does not come.

Until OBV indicates the buying is true buying, where sp goes up as OBV moves up, the sidelines might be safest. Let the other guy take the risk, and when OBV aligns with sp upside, that would be a safer entry. Might not get the bottom, but can't have it all.

If you must get in, have an entry/exit plan, scale in, set stop-loss.

Good Luck.