An attempt to time the market

There clearly is fear in the market. In most cases, this is an excellent opportunity to start taking risks aggressively but one needs to have some sort of confirmation in order to make the most of fear. Keep trading like you generally do. Drawdowns are natural just make sure the risk is low enough. It's drawdowns like these that give excellent trade setups. So, make sure you jump on those to recover money asap. If the market doesn't hold, reduce risk, if it does, increase risk. However, don't bet more than 1% per trade.