Stocks have pulled back about 7% or so and they are holding up currently, time to get long or stay away?

I have been wanting to add some stock positions to my portfolio for months now, ever since they really ramped up the printing press back in March.

I think crypto will do well but I also think stocks will do very well also.

I think the inflation will spill over into a lot of assets, and stocks will be one of the main beneficiaries.

Anyways, do we buy here or wait for lower prices?

(Source: https://stockcharts.com/h-sc/ui)

I recently shorted stocks back a couple weeks ago because they just kept going up.

I had to average up a few times before I ultimately got my 7% dip, but I eventually got it.

Now the question becomes whether we hold up here or is there more downside to come?

I personally think we are likely to see lower prices in the coming weeks as we get closer to a controversial election as well as no new stimulus likely in the cards.

However, if stimulus comes out of nowhere I think we are back at new highs fairly quickly, and I think more stimulus is coming eventually.

Which is why I don't want to try and time the bottom too much and miss out.

My plan is to buy a little here around 334 on SPY, and then average down if we breakdown from here over the coming days and weeks.

What do you think?

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