So here we are, hovering around 420-440 and the market still feels very fragile and undecided what to do. A large part of this is caused by the Chinese situation of course and I'm sure everyone longs for that chapter to finally get resolved. What happens next I think is impossible to say with certainty, no matter how confident people try to make themselves sound on this forum. All of them are just as insecure about their own position as you are, so don't believe for a second anyone on here knows more than you do. What I do feel confident about is that the current bear market is coming to an end soon: the Chinese influence is becoming less and less and the PBOC can only delay the inevitable for a month or perhaps two more. So the real question is whether we will see one more capitulation event towards the low 300s/high 200s or this fragile consolidation phase will continue for a few more weeks with not much happening and as the price slowly starts crawling back up and volume increases the masses of people watching on the sidelines will all fall over each other to jump back on board. Once this snowball gets rolling it can happen very very fast and will catch many of you off-guard with people frantically posting threads on here whether they should buy (back) in now or wait for one more dip as the price continues to climb alarmingly fast.
Whatever may be the case, for me personally it's time to look for my seat belt and lock myself firmly in place, we may see one more capitulation event in the coming weeks but don't be fooled things are going to get seriously wild very soon.