Now is an ideal periods for intraday trading, given the liquidity and high volatility. Unfortunately, I will be away from the market for two weeks starting yesterday. It will be interesting to see whether buying pressure witnessed yesterday will hold and mark the end of the bearish lag.
On the bullish camp, we have seen failed attempt to break new low. We have also seen some buying pressure, especially yesterday, with BPNYA above its 10 day MA few days back already. On the bearish camp, we have not seen many buy setups characterized by breakout after tight consolidation. The bounces were also not accompanied by heavy volume.
If you still have short exposure, I would suggest to reduce it. The market might orchestrate another dead-cat bounce or the end of consolidation before another bull attempt.