Ant Group (ANT) has been quietly signaling its IPO, and the recent news of oversubscription has boosted the stock market. This is understandable, as ANT's IPO is a significant political undertaking; a poor market atmosphere is undesirable. The SPX faces resistance at 7662. NDQ has crossed the 28,078–28,276 gap area; the next gap area is at 28,830–29,257. I only bought Intel shares at 54, planning to sell at 80-85. I maintain my previous view that this decline is just a show.