The last week's gap has been almost completely covered. The gap's upper level acted as intraday resistance and we have seen falling index for rest of the session.
Aside for that, nothing new can be said.
It might be the best time to enter the market, but the technical situation looks quite bearish, regardless of primary uptrend (subjective opinion).
One of the investment rule is to "do nothing, absolutely nothing, unless there is something to do" (here).
Sources:
[http://jimrogers-investments.blogspot.com/2010/02/best-investment-rule.html]
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