Is this market a rebound or a reversal?

From the current economic and political situation, it looks more like a recovery rebound after a significant drop, and it may be a bit early to talk about a trend reversal. The core reason remains that price movements are still dominated by Trump's policy signals, and there are no substantial positive factors in the economic fundamentals. A real reversal is usually accompanied by a significant influx of funds and major positive policy or fundamental factors, such as the Federal Reserve easing or economic data exceeding expectations. Currently, funds are flowing in, but the volume is still not large enough.

In summary, the GDP data to be announced at the end of the month will be crucial. If the data performs strongly, the market may continue to rise. Conversely, the upward momentum may quickly fade. Until the fundamentals are thoroughly clarified, any rally should be viewed as a rebound.

Next, at this high point, I will first choose to enter a short position.