Just to add—whether there is a rebound or not, it’s in the black zone, roughly around 4150, which is the takeoff point of the entire three-push bullish structure that began in October 2024. For it to drop all the way down to the takeoff point like this is very weak, so I define it as a main player “self-rescue” rather than a reversal. Due to the blue trendline breaking down, the rebound space here is limited, making it especially suitable for going long on late-expiry options. I’ve been waiting for this long opportunity.

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