[pinkpanther]

I can withstand about 1000pts move agaisng me before I cut position size

Market does not move down in one straight line....so longer term traders riding the secular down trendtrend are always prepared for counter moves.

Anyway the market U turn down from 17K 4 times in 2 months.  Those waiting to sell to egt out will use the opportunity to do so otherwise wait long long for another chance.

You have been cornered! No where to move..waiting to be slaughtered in a day or 2..
Better pray hsi don move up any further in the afternoon.