This is a new low since the surge in August, and the cyclical pattern is still at play. In just one and a half months since the end of September, countless investors who rushed in have been trapped. Options data has consistently shown low market expectations for further gains. In my tweets over the past two months, I've repeatedly mentioned that put options offer relatively high value. Predicting the market or trying to time the bottom and top is very difficult, but gaining some profit in trading is not. Currently, the market seems to have higher expectations for a decline. There's a 10% gap in available positions below, so it's advisable to add some put options.