Tonight there are two key data points to be released, and the market is likely to continue oscillating. It's unrealistic to expect a direct V-shaped reversal at this position— the rebound is clearly lacking volume, and the adjustment hasn't reached its proper level!
The more likely scenario is a limited rebound followed by a lack of accumulated momentum, after which the market will choose to probe downward again.
At such times, the worst thing is to be thrown off rhythm by short-term fluctuations. If you don't have a clear market map in your mind, it's easy to repeatedly exhaust yourself in chasing highs and cutting losses. The true way to respond is to stick to your trading plan that you've carefully considered, and not to let temporary fluctuations sway your emotions. Only when the tide goes out will you see who has been navigating with their own system and who has been merely drifting along.


