In the evening, Lao Wang's thoughts were validated, but the downward trend greatly exceeded his expectations. Due to the Federal Reserve's interest rate cuts and the escalation of geopolitical conflicts, the market plummeted sharply, falling from around 106500 to about 102300. Fortunately, Lao Wang had previously mentioned the struggle between long and short trends in his blog; I wonder if everyone was able to profit from it. Currently, the market is likely to accelerate downward after breaking through the psychological barrier of 103000. Now that it has broken through the previous low again, Lao Wang suggests that everyone can observe the market's rebound strength. If the rebound fails to break through and stabilize at the 103000 level, then it is advisable to continue shorting at high levels, with a target around 101000.