The recent fluctuations should soon come to an end. After several high and low positions recently, we have accumulated quite a bit of ammunition. Whether it's the more than 100800 from a couple of days ago, or the 104700 short, including last night’s more than 101700 and the early morning 104000 short, overall there is quite a bit of space now, and we can start to position for a long-term short.

From the middle of this month to the end, we will mainly focus on rebound high positions, with short-term longs on pullbacks as a supplement to layout the recent market. Many people are unwilling to chase longs at high positions; even after pullbacks, there are still many who firmly believe the market will break 100,000. The reality is that repeated rebounds have eroded the confidence of bears, and in recent times, every rebound after a pullback has allowed Tianhong to lead everyone to profit. At this moment, as the patience of the bears wanes, Tianhong believes it is the best time to short.