The Significance of the Rebound
1. The rebound will last for several days or even a week or two; the significant drop the day before yesterday was just a cold shower for the bull market enthusiasts, while the continuous rebound will reignite the passion of those bull market enthusiasts who were starting to calm down, and the real major drop will then be born.
2. The significance of the rebound is to attract more bottom-fishing funds to enter the market and to clear out short-term shorts, paving the way for further declines.
3. The key resistance level for the rebound is around 114700.
