The S&P 500 futures almost offered some daylight in our long position, but was dashed by the end of the session. We exited one position at 1274.75 to reduce exposure to the current market for a loss of $3,487.50.  What started as an oversold market is developing structure in above average volumes which is bringing equilibrium to the markets at the peril our long position. We will continue to reduce our position and try for price improvement where possible. Price improvement is selling on buying strength and buying back at a lower level in attempts to reduce breakeven. It's important to do this when stong buying is present. We ARE NOT averaging down in a declining market, at least philosophically anway. I don't know if it looks much different, but never averge down. Many could argue how this move is not like any recent behavior and they would be right. This is what the market is........  We manage the risk and take losses when its time and book profit when its time. It's really that simple. The volatility in this market will offer ample opportunities to profit in the long run if we stay disciplined and stay to plan.