Yesterday, I was still debating whether 91,800 could hold steady, but as soon as the US stock market opened today, the bulls hit the gas. This rally has been charging straight upward from around 92,000 without looking back, pushing the price all the way to 93,632—less than 1% away from the previous high of 94,415 set on January 6. It’s almost like the market is joking with us.

I must say, this isn’t a sluggish rally; it’s a lightning-fast assault by the bulls. From the high point to now, there has been almost no significant pullback, leaving the bears no chance to catch their breath. Friends who were shorting near 90,400 yesterday and setting defenses at 92,500 are probably regretting it now—liquidation orders are flying like snowflakes, and this move is a pure crushing of the shorts.

The key point is that the market’s trend has become ridiculously strong. Think about it: the 92,500 resistance level that everyone once feared has now become an unbreakable support. It’s like the steepest part of the climb is over, and now it’s time to push toward the summit—an unmistakable goal: break through 94,415 and head straight for 95,000.

But on the other hand, don’t get overly optimistic. There might be some short-term consolidation after the US stocks close, but as long as the 92,500 support holds, reaching new highs is just a matter of time. Once the trend is established, the cost of reversing it is simply too high.