US stocks are likely to open lower tonight with continued volatility and risk-averse sentiment dominating the market. Technology stocks and Chinese ADRs will face notable pressure, while energy and defensive sectors may show relative resilience against declines.

A reversal is hard to call; a "negative catalysts digestion-driven consolidation" is more probable.

The real directional choice will need to wait until Wednesday's US PCE data and Friday's non-farm payroll report are released. The market will adopt a defensive posture to cope with uncertainties in the meantime.

The overall trend remains unchanged. Avoid blindly bottom-fishing or short-selling; patiently await clear directional signals from the market.