The market is experiencing short-term fluctuations, with both bulls and bears fiercely competing. It might be wise to take small positions and buy on dips for now, and then increase your position after a breakout from the fluctuation range and a one-sided rally.
Pay attention to the support level between 117500-118000; if it holds, there is hope to reach above 120000 again.
Tonight's CPI data is expected to be favorable overall, providing some room for speculation, but it has already dropped in the latter half of the night...