High-level volatility is a signal of a sell-off;
After observing and conducting practical spot tests over the past few days on this 2w-point upswing, I personally think it’s pretty much done. The subsequent setup will mainly use long with a focus on shorts and supports; the long position this morning has already been exited. At this current level, my personal recommendation is to short with a light position (one lot). For the subsequent rebounds, we can add in batches.
Recommended additional position: 79
For the short position, the long-term target is 75.
For the short-term target, it’s in the 76–77 range.
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