On the news front, there are undercurrents with some short positions.

From a technical standpoint, today's breakout did not have significant volume, but rather a few million in false breakout, consistent with expectations of the manipulative players, followed by a volume-increasing pullback.

The long-short ratio remains at 0.65.

I am curious why the long-short ratio remains at 0.65; logically, this breakout should have triggered a significant number of bearish positions. I speculate that the majority of short positions were likely established around the 87-91 range, and the liquidation point should be above 10. Alternatively, there may have been hedging that diluted the long-short ratio. This data can only serve as a reference.

Returning to the market situation, both US stocks and ETFs are not showing their cards, which can be ignored. Positions should have been reduced or adjusted around Thursday and Friday.

Thus, the market basically consists of major players and manipulators; currently, the manipulators have already liquidated some short positions in the morning, and a breakout is unlikely in the short term as they will face selling pressure at 96. This leaves the short-term long positions, which are generally built around 942, aligning with the current swing position of the manipulators. Based on a liquidation range of 30%-100%, that would be around 932.

The major players may be influenced by news today and seek opportunities to sell off; from the trading volume perspective, it appears that most are experiencing significant declines with reduced volume pullbacks and less support than before.

Therefore, the next step for the manipulators should be to swing around 942, coinciding with the major players who are driven to sell due to undercurrent news.

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