There is very little time left for the bulls to make a rebound, because on Friday night the US stock market crashed 2%, so the opening on next Monday is still a mystery. Secondly, the Market has basically anticipated the Japanese interest rate hike on the 19th, and with liquidity drying up at the end of the year, I was originally waiting for a weekend correction to at least rebound above 3150 before shorting. However, the weekend was very dull, the rebound structure seems to have completed but is very weak, which makes me wonder whether it is really a trap for shorting or if a crash is truly imminent.

If I had closed my position at 3050, I would now be willing to short and optimize for about 50 points, but I exited at 3100. Opening a short at this position now doesn’t really make sense.
As a conservative trader, I ultimately choose not to place any trades. If it really falls further, then I’ll just accept it.