Old Ted speaks out, and the US stock market immediately surges. Harvesting leeks needs no explanation; if we must find an excuse, it is that there are too many short positions below 100,000. Before the trend becomes clear, avoid chasing long positions at high levels; it is recommended to wait for a pullback before going long, with key support levels to watch at 100,000, 99,000, and 98,000.

However, from a long-term perspective, I am bearish! The medium to long-term target looks towards 88,600!

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