The KOSPI is eerily similar to the 2015 A-share leveraged bull market and has already peaked. 1. Both are leveraged bull markets 2. After peaking, they first plunged violently to around the weekly 60-day moving average, triggering a massive retail investor chase with sharp rebounds, then bounced back to the weekly 20-day moving average before entering a bear market KOSPI rebounding to the 7050 range—time to clear positions and store up.