8.12 Tuesday Morning Thoughts

The market's reversal occurs in an instant. Yesterday morning, the large pancake surged to the 1223 line, followed by a continuous decline, extending downward in the early hours to a low of around 1180. Such dramatic fluctuations mean that one wrong direction could lead to irreparable consequences.

Currently, it appears that the market trend has reversed, shifting from strong to weak in the short term. The 4-hour chart shows a series of large downward candles, currently approaching the middle track. With the rebound strength weak, there is an increase in downward momentum, while all indicators point to bearish trends. For today, we will first observe the pullback situation.

In the morning, reference the short position in the 119000-119500 area, targeting the 117500-116000 range.