From yesterday's high of 108400 to the current low of 103100, there has been a one-sided drop of 5300 points.

It looks terrifying, has the bull market ended? But considering the trend during this period, a pullback of over 5000 points really isn't much.

There will definitely be a rebound below 104000. The Federal Reserve is highly likely to cut interest rates early Thursday morning, and there's no need to panic about a slight drop before the rate cut.

Either there will be a rebound in the European and American markets, or there will be a rebound after the rate cut is implemented; in any case, just be bold and go long below 104000.

Anyway, I will continue to hold my long position at this level. If it continues to fall, I will add more, with an initial target of 106000-107000.

The target for the long position at 3820 remains unchanged at 3900!