$CLO Stay short—watch for further downside. The second target level has already been successfully achieved. The overall short setup is playing out exactly as expected. On the current market, the sellers are still firmly controlling the order flow, and the profits from earlier short positions have already been safely locked in. Next, keep an eye on the sell-pressure at this level. The shorts may still be the dominant force, but if you haven’t entered yet, watch the risk—don’t go in too heavily.