From the weekend low of 10.3 to the morning high of 10.58, it rebounded nearly 3K points; on Friday, I publicly suggested taking an additional 1K points at 10.4, and over the weekend, I shorted near 10.5 to gain another 1K points. The two short trades together have nearly 2K points of space.

So, why didn't I chase the short at 10.4? The reason is simple: the current downtrend on the daily chart still looks like a correction. If I were to chase the short, it must be after breaking below 10.2.

Currently, the key short-term pivot point is around 10.7. If the short-term decline stops, then we need to watch how the rebound tests the 10.7 level!