It’s officially October and the waterfall is getting closer. The first target is 23800. The second target cme gap is 20400-21100.

reason:

For the callback of this driving wave, the current callback amplitude and time are not enough to complete a 2nd wave or B wave. At most, it can be considered that we are now halfway through this correction wave. There is a small b-wave rebound and I want to touch the mid-week track. This is enough to seduce the mainstream and make the mainstream think they are bullish! However, the price cannot stand firm above the mid-week track. It will still fall below. Then finally take the small C wave to 23800 or 20400-21100. Complete the callback to 15500-31800. Then the price is expected to rebound again to test whether wave B or wave 2 is really over. Usually this happens 2-3 times. Only then will the bottom really come out. Neither time nor depth is enough now. Now it's just a short squeeze