Today, storage stocks led by SanDisk (SNDK), along with Seagate and Western Digital, staged a strong rebound across the board. They've all recovered to the levels before the leveraged sell-off on July 23. This suggests that U.S. cash markets are voting in favor of the weekend and Asian session's bullish logic. Aside from the market shifting SanDisk from a cyclical stock to a long-term cash cow narrative, comments over the weekend by Luttwak about not wanting Apple to purchase storage chips from Chinese manufacturers might also have been a catalyst for SanDisk's rally. Trying to short during a strong uptrend can be very risky. Although the previous violent deleveraging has weakened the bulls, I don't think this rebound will break the previous highs. However, it's not yet the right time to open short positions. As the saying goes, "long for the long term, short for the short term." If you want to short, you need to wait until the bullish momentum is exhausted, good news stops driving the price up, highs gradually decline, trading volume decreases, and key resistance zones (1850–1950) are tested multiple times without breaking. Only then can you take action. The next potential turning point might be the release of the July Fed meeting minutes at 2:00 AM Beijing time on August 20. Following that, we have NVIDIA's earnings report on August 26, and finally, the Jackson Hole Symposium from August 27–29, where Walsh might deliver a hawkish speech. If SanDisk consolidates between 1780–1850 before August 26 while Micron, SK Hynix, Western Digital, and Seagate continue their rotational rallies, NVIDIA's earnings report could serve as fuel to challenge previous highs. On the other hand, if SanDisk surges straight to 1900–1950 before the earnings report, prematurely pricing in all optimistic expectations, then the event week could instead become a distribution window. @BITstocks_CN Buy U.S. stocks on BIT, with 10,000+ U.S. stocks and ETFs, real holdings, and dividend payouts. Check it out: [URL]