Many people are still blindly shorting around 4000, but this is a second attack, and the risk for bears is very high. If the market truly wanted to pull back, it should have stopped below 3800 long ago—since it can regain 3820, it already indicates the direction.
As I mentioned earlier, holding above 3820 is expected to break 4000; the market has now broken the previous high and reached 3960, with limited pullback depth. Currently, it is still consolidating, and a rally is just a matter of time. Once the chips are in place, the target is still upwards towards 4060.
Trading is not about fighting the market; following the trend is king.
