Morning Big Cake analysis: tonight’s Iran negotiations. Right now, the extreme bullish-to-bearish positioning comparison is at its current peak. Based on the overall data and the surrounding news, everyone is relatively pessimistic about the negotiations. The recent “anti-pullback” over the past two days is actually based on subjective sentiment, and there hasn’t been much capital flowing in. Therefore, today during the daytime, a new wave of selloff is about to arrive—it should pull back to around 74,000 (7w4). So, shorting a wave right now is reasonable, but note that this short should only be held until before the US stock market opens. Clear the board—then brace for the most ferocious rally wave in the near term. Once things settle and the dust clears, you can follow the market and catch a round of gains. Remember!