Overnight futures markets are thin, Europe starts trading between 2 and 4 AM, US starts between 6and 7 AM, so its still early. Margin calls go out in the morning, so then the panic selling starts at the std market hours throughout the morning, by afternoon, possibly done.
The farther the market falls, the better the buying opportunity to get back into the market, which is the definition of buying low from selling high.
30% down from all time highs is slways a great buying start point.
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