Recently, after a pullback in the market sentiment, many people have seen levels of 3000, 2000, or even a few hundred, suggesting that the market has peaked. The previous highest point was around 4793, just a few points away from the historical high, less than 2% distance.
It took 4 years to build this trend, is it just to let all those who were trapped in the previous bull market break free? To be a good Samaritan? Currently, there are no trapped positions above, and it's clear that the market is aiming for even higher levels.
Right now, it's just a cleansing before reaching new highs; in the future, the market will attempt to test the historical highs again, so hold on tight and don't get shaken out.
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