Instead of buying into the market, at these inflated prices, and trying to time it, then perhaps sell puts instead.
Collect the premiums as cash in your pockets. And if it the stock falls, then you get to buy it at a much cheaper price.
I'm essentially just hedging, though, because I still have so much in stocks. Hoping the puts partially offset the hit I'd take from a serious crash and perfectly willing to lose minor premium in the meantime.
What delta do you get in at? And what time frame (weekly, monthly)?
I play it for the theta decay. And I stick to weekly options.