Many people do not understand why it is bullish and bearish at times. Everyone must see the big trend and the small trend clearly. Just like in a war, a tactical victory cannot reverse a strategic failure. Everyone must distinguish this clearly. The violent rebound in July was intended for the dealer to prepare for the establishment of put options. This does not mean that the rebound means that the big bull market is back. The large-scale weekly, monthly and quarterly lines have all turned to the short trend. Regardless of the fundamentals or technical aspects, the United States is very likely to cancel the interest rate cut in 2024, or at most once, which is not enough to trigger a bull market. The technical weekly middle track has fallen sharply, and the monthly line level has formed a typical bear market head short arrangement. So it is right to look at the rebound in the short term, with a target of 66-68 at most. It is right to look at the long-term bearish, and the big trend is bearish, with a target of at least around 40,000. Everyone should cooperate with the market to understand it well. Brainless complaints will not solve any problems.