I have got myself setup and ready to go investing big each month to kick start my plans.. but i really feel like building my cash position until i see some remote sense in the markets.
If you're waiting for this, you'll be waiting forever.
Yes, the markets are only down 10%...now...but they were down 30% at the end of March. Where was your money then? Were you also waiting at that point? If that didn't trigger you to invest *something*, you will never get off the starting blocks.
You are struggling with looking at economic conditions now, outside your window and on the news. But the market is looking forward one year, to what it collectively thinks the recovery will look like. Only, that's not a very long time either. The wisdom of the approach not to time the market is to instead think: "in a decade, none of this will have mattered." Which is not to say things won't change over time, or that we will naively go back exactly to how things were in 2019. But there are plenty of scary / world-changing events in the past, and it was the wrong move, long term, to have held off investing while they were in progress.
But...
You also need to be able to sleep at night. Maybe you aren't cut out for investment in the markets. Or, at least, maybe you aren't cut out to go in 100%, and then ride your ulcers through to the fastest path to FI. Consider these thoughts more about your asset allocation than a market timing question. For your own mental and physical health, you might need to slow down your on-paper FI path, and get into something safer with some of your money. How much? Enough that you can sleep at night during events like this.
If you are absolutely frozen, put in 50% of your money now, and wait until Q2 earnings are in at the end of July to invest the other half. But understand, the market will likely be higher then, because whatever the recovery looks like, it will be 3 months closer by then. Or find the right size of buckets to commit to doing it, but do it this summer. Your alternative is to use the free time you've gained by being at home to become a full-time market analyst / economist, only you need a few years' seasoning to be any good, so that's probably not going to happen in time, either.
Many people have had the same feelings. It happens every downturn. It's a good thing--you need to have your convictions tested, in order to find out your true feelings. Invest as you will--stocks, real estate, bonds, CD's--but waiting for the perfect moment is a fool's errand. It's likely to pass you by before you ever recognize it.