Are you sure you are too scared to enter? Look at how high the panic index is! Greed, greed, greed!

After the washout, the market quickly rebounded. It is currently stabilizing at 97,000. This significant drop and washout is either a preparation for the next rise or an indication that the rise has ended.

In my opinion, this washout will not have a major impact on the subsequent rise. Although this washout has caused the panic level to increase, making many people hesitant to enter the market, I see it as an opportunity.

This drop has actually provided many who missed the entry point with an opportunity to enter the market. As the saying goes, a pullback is a chance to go long. After such a significant drop in the morning, the market will surely fill the gap during the day.