Take a look at the Korean #KS11 index on the weekly timeframe—it's got a bit of that "walking a tightrope at heights" vibe to it～

From a structural perspective, the earlier rally looks more like an emotion-driven acceleration phase rather than a solid impulsive wave. According to wave theory, after this kind of upthrust, the market typically faces a "sentiment payback" round. The gap left around 4300 is like an unpaid bill on the ledger—the market will likely come back to reconcile it～

Dow Theory also spells it out pretty bluntly: when a trend enters its final stage, prices start showing divergence and sluggishness. The current market structure has exactly that flavor.

So don't be fooled by short-term bounces. The real risk often isn't when it's dropping, but when it looks like "it could still go up a bit more"～