Yesterday morning, after the surge of short positions, there were multiple resistance levels at high positions. Early this morning, it moved south first directly 1600 miles, and then the short position further advanced over 800 miles. After that, it waited for the continuation of the bears. Until last night, it reached 🎯. It advanced 2750 miles. After reaching the defined low, it again moved 1000 miles. The strategy was mainly high short positions, with low long positions as a supplement. Because during the market period, there won't be continuous surges. But when the overall direction comes, it's best not to catch against the trend as much as possible. Otherwise, similar to yesterday afternoon, without a timely stance and not understanding adjustments, one could end up with a loss.
From the overall trend structure, after two weak downtrends at high positions, according to the wave structure, there should be another wave. Here, the possibility of continuation of the bears is quite high. This weak downtrend directly penetrated the middle track of the daily Bollinger Bands, and after the close, the Bollinger moving average finally began to widen, which also indicates that the bears have continuity. Therefore, the lower points will break again in succession, just like the drop yesterday. So for now, there’s still no need to adjust. Just continue to maintain the high short position.
In the early morning, it was around 104700 to 105200. Look towards around 102000.