September is already prone to gloom, with the Federal Reserve remaining hawkish, oil prices above 100, and 10-year interest rates soaring to nearly 20-year highs. It is normal for short-term prices to continue to decline. SPY 750 has been hit today, the next more realistic step is 745 to 740. 740 is not just a casual call: the trading volume intensive area is here, and the smart money discount area is also here. At worst, if it falls by about 2%, institutions are likely to lend a hand here. Before breaking, this was a normal pullback in a bull market. The daily chart structure is not yet broken, and it is still a higher low point since the March low point. As long as we hold onto the swing low point of 730, especially 729, there is still a chance to break back to a new high near 800 before the end of the year. The actual location where the script needs to be changed is 729. Once this is broken, the large gap between 730 and 690 is easily filled. Later on, you may see 690, 680, and at worst 660, which is not a small callback, but a problem with the large structure. The monthly trend is still a green bull cycle, there is no need to panic and clear positions now. Continue to use callback processing above 730; Break 730 and add cash, reduce positions, and re evaluate. The ups and downs are all rhythms, don't be driven away by a day's market trend.