Goldman Sachs believes that CTA may sell up to $33 billion this week, and if the S&P 500 continues to decline, it could sell as much as $80 billion over the next month. Even in sideways or rising markets, these funds are still expected to continue selling. Currently, market pressure remains high, liquidity has not recovered, and although the decline has been significant, no clear negative signals have appeared. This situation is the most concerning because, without a clear reason, volatility in risk markets remains elevated, and other systemic strategies may also reduce their exposure. A rebound to around 2135-2168 could be an opportunity to short, with a target near 1930#当前行情抄底还是观望？