KODEX 200 remains in a steep downtrend (~-29% from late-June highs), with KOSPI down 5%+ on Aug 3 amid heavy foreign selling and extreme volatility. The Aug-5 bounce to 104,300 failed back to 98,090, showing rallies are being sold hard. Persistent foreign outflows and a weak close favor DOWN over the week. This follows rather than fades the bearish crowd because the decline is structural, not a short-term sentiment washout.