$TLM Follow the short-side direction. This rebound looks like it may have already topped out, kind of like the playbook of pumping and then distributing. Next, it will most likely continue to drift lower with a slow, steady sell-off; in the middle, it could also involve an accelerated drop. Everyone can watch for opportunities around this level, but if you short, also pay attention to the risks—don’t go too heavy on your position size.