The hype surrounding the launch of ETFs after their approval gradually died down, and investors took advantage of this opportunity to make profits and leave the market, causing the pie to fall off a cliff.

After experiencing the downward trend the day before yesterday, we learned from experience and adjusted our strategy. Yesterday, we were firmly bearish and increased our positions, reaching 2,600 points in 7 hours.

Technical analysis is bullshit in the face of the big market. At present, bulls have locked up a large amount of funds, and a large short-term correction is unrealistic. Most participants in the market are mainly chasing longs, and the weekend trend is mainly based on shock recovery. For intraday operations, we suggest that we go in the opposite direction. Intervene at high altitude.

The pie is 43500--43300, the short-term view is 42800--42500, and the defense is 43900.