From here markets can keep going down further and continue to be in correction or stabilize and keeping moving in a range till next earnings season which will be in July. Typically global economic conditions, earnings season and government policies/changes are known to provide market directions. Market may get a bounce rally from oversold condition but be cautious and don't get caught
We should already be in money market funds based on our strategy until we get a buy signal.
IRA or regular trading accounts:
Based on our advanced strategy, we can choose to be invested in best performing bond funds (ETF) there by letting our money work for us even in market correction.