The market is currently sweeping liquidity, first targeting the liquidity between 107500 and 107000. I mentioned yesterday that if it cannot effectively stabilize above 107000, it will then sweep down the liquidity at 103800. The facts are evident: first a rise, then a fall, with both longs and shorts being taken out. My feeling is that the current market resembles a statistics exercise, and the most important lesson from this recent trend is to avoid chasing up and down. In terms of positioning, I warned everyone yesterday that the decline is not yet over, so don't chase the longs. We positioned a short order near 106500, with the target still being the previous 103000, which we successfully hit, yielding great results.