Now here's the hard part.
If you shorted the market?
When to cash in an cover? Now?
If you went to cash. When do you go back in long to catch the bounce and out perform the market?
Conversation
You can’t just sit there. I went cash about two months ago and have cycled the exact way you described twice in that timeframe. Yeah you see a lot red buying dips, but this is where experience & patience make you a winner. Knowing price-levels is key to success now.