8.18 Tuesday Thoughts Summary
Although Tuesday’s overall trend is bullish, the market has already shown overbought signals at higher levels, so it’s not suitable to chase. The strategy for the whole day is to focus on selling from resistance (high short).
Go short at 4435‑4450 in the morning, capture 31 points of upside; go short at 4403-4413 in the evening, capturing 55 points of downside. Total for the day: 86 points of space.
Many people see the bigger trend moving up and just keep chasing longs, ignoring the pullback risk caused by overbought conditions at high levels.
Even if the bigger direction is bullish, when price rises to a resistance area, short-term pullbacks can still be traded.
Every entry position, defense level, and target are announced in advance—no hindsight trading (no “after-the-fact” explanations).
Although Tuesday’s overall trend is bullish, the market has already shown overbought signals at higher levels, so it’s not suitable to chase. The strategy for the whole day is to focus on selling from resistance (high short).
Go short at 4435‑4450 in the morning, capture 31 points of upside; go short at 4403-4413 in the evening, capturing 55 points of downside. Total for the day: 86 points of space.
Many people see the bigger trend moving up and just keep chasing longs, ignoring the pullback risk caused by overbought conditions at high levels.
Even if the bigger direction is bullish, when price rises to a resistance area, short-term pullbacks can still be traded.
Every entry position, defense level, and target are announced in advance—no hindsight trading (no “after-the-fact” explanations).
