As we can see, we fall on the 61% which is often the dead cat bounce level or the B wave in Elliott Wave.
The stock market is probably ready to make a major correction soon the Evergrande news can make it faster.
And we have to remember we have some single print in 19.8k to 21k (this is price was hit only a single time which market often retest.) without talk about unfilled CME gap which people think now it will be never filled again.
Trade active
⋅
the trade is still valid, this move not really change long term plan as long it don't do daily close above 61k