The spot premium index has begun to show signs of stabilizing and bottoming out. Compared to the levels before the U.S. stock market opened on Monday, prices have slightly decreased, but the premium has increased somewhat;
This indicates that among the forces driving the price decline, the proportion of futures has started to increase, while among the forces driving the price rebound, the proportion of spot buying has also increased;
Therefore, this phenomenon is good news for the bulls!
Generally speaking, under this condition, either a rebound occurs, confirming a false breakdown shakeout, or we experience one last wave of accelerated decline, followed by confirmation that the pullback has ended