I will make this as brief and to the point as possible, so that you can quickly get to work.
We have engaged a massive amount of market participants to short the market or liquidate long positions, or both, into the hole here over the past several sessions. This is a key signal often seen at great longer term inflection buying points in the markets.
Again to be short and to the point, you can buy here. It is best to average into larger long term positions than to buy all at once. Find the stretched lows and initiate when prices come into those levels. Find only the most perfect setups sitting at support here and get busy.
I am doing the same as we speak. Peace and be well my friend.