The CPI data on October 10 is very critical. It will drive the subsequent trend. If it is lower than 2.5, the Fed will cut interest rates. Coupled with the strong US economy, the market will be reversed and start to rise.

From a technical point of view, after these waves, the general trend is upward!

The Americans may say, you see I cut interest rates by 50 basis points, everything is good, so I will continue to cut.

You must not be short, once the reversal occurs, you will miss the opportunity, and you can't be full, because the black swan decline at any time will make you lose too much on your account, and you have no position to cover the position.