This is my primary scenario for now. I am flexible: if any strong and not-tricky invalidation is shown, then I might change my opinion.
This is also the rationale: The smart money want to short big time, but retail traders are either shorting massively or seing a double bottom. When it's undecided, the big guns would short artificially to reach their targets and in the meanwhile trigger many stops (trick). If you want to short heavily, you need to find sellers (and buyers who are wrong), but those sellers would only be found at higher levels. If you want the market to go up, then you need to find buyers below at lower levels. So this is it: the market goes down to artificially find buyers who will bring the levels to the sell orders. And then everyone can short happily thereafter.
This is also the rationale: The smart money want to short big time, but retail traders are either shorting massively or seing a double bottom. When it's undecided, the big guns would short artificially to reach their targets and in the meanwhile trigger many stops (trick). If you want to short heavily, you need to find sellers (and buyers who are wrong), but those sellers would only be found at higher levels. If you want the market to go up, then you need to find buyers below at lower levels. So this is it: the market goes down to artificially find buyers who will bring the levels to the sell orders. And then everyone can short happily thereafter.