May 15th LAB Analysis

Indicator three-line turning downward and opening, a complete establishment of a bearish trend;
MACD death cross with large volume decline, indicating strong bearish momentum;
KDJ slightly turning at low levels, only a short-term weak rebound correction, no reversal signal;
A super large bearish candle crashing down, indicating a breakdown and decline, rebounds are all trap plays.

Short-term strong resistance: 4.72–5.02, rebounding here is the best shorting position
Secondary minor resistance: 4.40 (first intra-day rebound pressure level)

First support: 3.50
Ultimate strong support: 2.89 (today’s lowest point)
Breaking below 2.89 directly opens a new round of sharp decline space

Market outlook
Affected by the Fed’s hawkish stance under Waller, liquidity tightening negative news, combined with LAB’s own volume breakout:

Short-term: There will be a slight technical rebound, which is a continuation of the downtrend, with very weak rebound strength;
Mid-term: Overall bearish trend, most likely a second bottom around 2.89, with continued decline if broken.

Trading strategy

Main idea: Short on rallies, never chase long positions actively
Aggressive short-term: Short in batches within the 4.40–4.72 range during rebounds
Conservative approach: Only consider very light long positions if it stabilizes above 5.02; otherwise, mainly shorting throughout;
Defense: If it breaks below 2.89, add positions and look for further downside.