Group 1 - The new trading range is expected to be between $5002.31 and $5143.89, with traders facing a decision to either short or anticipate a breakout if this zone is tested [1][2] - A significant sell-off occurred due to a combination of speculative trading and external factors, including the nomination of Kevin Warsh for the U.S. Federal Reserve Chair and a lack of clarity on rate cuts from the Fed [4] - The market's long-term outlook remains bullish, but the rapid rise driven by speculators has led to a correction, indicating a need for a support base to form above the 50-day moving average to attract real buyers [3][4] Group 2 - The first leg down from a major top is typically characterized by long liquidation, followed by a retracement of 50% to 61.8% of the previous move, with aggressive shorts likely to enter at the retracement zone [2] - If the retracement zone is breached, it may signal the return of buyers, while holding at this level indicates the presence of sellers [2]