The market will rise only when the long positions give up and take losses.

There are too many long contracts at $TRUMP , it's impossible to rally; the possibility of falling is greater than rising. The next scenario will either be a crash that forces a large batch of long contracts to liquidate, or a time-for-space strategy where it continues to oscillate downward until the long contracts manage their own stop-loss. Those looking to buy the dip need to hold back their hands.