I'm currently long, after trimming down to 20% exposure before the PBOC news fueled 37% decline, and added 60% gradually, over 3 days.
Keep an eye on RgMov and and ATR here, for now, things are quiet, but this won't last. I expect to see a retest of 7498.90 in the short term, but what happens after that is yet to be seen, so, I'll look to reduce my long exposure back to 20% once we hit this target, or at least place a trailing stop loss, to reduce risk on part of my position. Remember to always hold 15-30% that you never sell, spot, no leverage, and no stop loss.
We have tagged the yearly pivot btw:
I think it'll gradually bottom and base around here. It can take a while, I assume after the Chinese new year (this is dirty bs and manipulation 100%, aided by the PBOC in panic)