After the national team exited in January, the market opened weak today. Following a massive sell-off by retail investors, they started entering this afternoon. They propped up the market at the critical 3800 level, and the downside is expected to be limited on the next pullback. If the situation in Iran continues to worsen, they might take the opportunity to break below 3800 again to grab more chips. After that, 3800 will likely be the bottom for the year.