During the two-day market rebound, we can observe that the trading volume is gradually decreasing, and the long volume is also declining. This situation is happening in every four-hour trading session, which may be partly related to the approaching weekend. But the weekend has not yet arrived in the United States, and trading activities on Wall Street will continue tonight local time.

This reduction in trading volume reflects to some extent the cooling of trading enthusiasm in the Eastern Hemisphere, especially as the weekend approaches. However, it is expected that trading volume may pick up after 8:30 to 9:30 tonight, and the market may usher in a new wave of trading activities.

From the perspective of trading volume, I maintain my consistent view this week: even if the market rebounds, it is likely to be short-lived, and it may fall back to my 0.618, which is around 56,500 points. And after the market rebounds to 0.5, about 59,000 points, it may continue to fall to 56,500 points.

For the market situation over the weekend, I do not expect sharp fluctuations, and I have not seen any obvious signs or signals indicating that there will be sharp fluctuations. Therefore, if you choose to open a position, try to pay attention to the possible range of up and down fluctuations in the market, which is expected to be between 56,500 and 59,000 points. This range may be a reasonable range when the market fluctuates less during the weekend.

However, if trading volume increases significantly after Wall Street starts trading tonight, the above fluctuation range may be changed. Overall, I am more inclined to believe that the market may continue to decline in the short term, but the downward range is limited. It is expected to fall to around 53,000 points at most. At that time, there may be bulls willing to enter the market, at least there will be some buying support.