Market is Falling
In a bearish trend, all news no matter good or bad will only make the market fall. The speech of Katherine Dai on trade talks with China is considered dovish, but Dow Jones still fell. It is one of the bearish symptoms that cannot be detected by chart analysis.
A lot of people sold a great number of stocks in early September, some even changed 80% to cash like me, but some buy back gradually. Actually no need to hurry, as a drop of 5% is not enough, the rise has lasted since March 2020 and is expected to be near 10%, but hard to say when will it ends. Anyway, better wait for tapering!