This rally—if the intent was really to break above 1,800, they wouldn’t linger at this level for so long. The intention is obvious: there are too many people trying to short. After 1,757 broke down, it retested and triggered the shorts’ stop-losses, then fell to 1,712 without forming a base structure on the four-hour timeframe. It jumped up to 1,812 and immediately dumped on heavy volume, then pulled back again about an hour later. From how it looks now, the correction is in place and the down move is starting—alright.