To put it simply and clearly, here is my view on the current U.S. stock market:

First, the U.S. stock market may have entered a long-term bear market;

Second, due to the rapid decline in the previous period, there may be a "bounce" in the short term of 1-2 weeks;

Third, in facing a "bear market bounce," there are two trading strategies:

(1) Do not chase the bounce, hold cash and wait, then re-enter short positions at the high points of the bounce;

(2) Chase the bounce, then go short at the high points in the east, and re-enter short positions.