Many people ask me why I am in cash. Historically, every time the market hits a bottom, there is usually a rebound of about 20 days. You can refer to the significant bottoms in September 2023 and July, August, and September 2024; all of them rebounded for over 20 days, followed by a period of standard daily fluctuations, lower bounds, and even weekly level pullbacks.
You can calculate that this rebound has lasted for 20 days since the bottom. What will happen next? History shows remarkable similarities. Many people have recouped some losses during this rebound, but more often, the gains from a 20-day rebound can be taken away from you in an instant. Of course, this is just one of the techniques for judging market trends; preserving profits is the most important!