7.1 Wednesday morning big 🫓 idea: go short with the trend—don’t try to bottom-fish



After yesterday’s drop, the market has been grinding in a low zone. Every modest bounce is a trap for shorts to unload; the rebound strength is weak, and multiple moving-average lines align in a resonating overhead suppression. The downtrend channel is running smoothly.

At this point, it’s only weak resistance in the midst of the decline. Bullish confidence has completely collapsed, and a mountain of top-side trapped orders has piled up. There is no reversal opportunity for any bounce. Right now, the sentiment backdrop and the technical structure all point to 🈳頭—just go short with the trend intraday.

As reference, short in batches around 590 and 595; watch the 570–550 range below for support.
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