The market is not resilient, it is rather explosive at this point. Short term volatilities have washed out retails to a large extent, together with institutions that shifted their positions due to headwinds such as seasonal adjustment and surging yields. But we remain constructive of the market and claimed the short term buying opportunities in our previous posts. This is not the time to panic, especially when market gurus all insisting on the notion of market crash. Don’t ever judge the market on logic, tactic is the only thing you need$道琼斯指数(.DJI)$ $标普500指数(.INX)$ $纳斯达克综合指数(.IXIC)$