This round of sell-off moved very decisively—$NAS100 shorts’ timing and rhythm pretty much gave the answer. Earlier, many people were still hesitating, thinking it was only a normal pullback, but what I’m seeing is that each rebound from the high is getting more and more weak; the structure has clearly changed.

This trade was taken around 29,885.23, and the current price is now 29,292.86, with the current profit at +184.34%. The move has clearly extended.

The real key isn’t just going short after it drops, but that after repeated confirmations of resistance overhead, the market no longer wants to keep giving longs room.

There was also a mid-way rebound that’s likely to shake people out, but that rebound lacked follow-through/volume—it felt more like it was giving shorts a better entry for their positions. Now the profit is already quite substantial. Brothers with a position can consider an 80/20 approach: take profits on the main portion first, and keep the tail position with a protective level to watch for continuation.

If you caught this move, eat it while you can—if you didn’t, don’t get impulsive. Chasing after the drop will easily get “educated” by the rebound; wait for the next opportunity, and wait for a more certain level.

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