Aunt's midday thoughts
Daily level: Yesterday continued the rebound trend, forming a small upward candlestick, and is currently testing the resistance of the 5-day moving average (MA5).
Weekly level: The index has broken through the short-term upward trend line and relevant moving average support, and is currently in the key accumulation zone of 3800-3880.
Market outlook: If it effectively breaks through the 3800-3880 range next week, the lower space will be opened up, potentially triggering a new round of deep corrections, with an initial target of 3600, and even a risk of probing the 3000 mark.
If it rebounds upward: The main pressure zone for short-term rebounds is in the 4070-4200 area, where previous trapped positions and some technical sell orders are concentrated.
Midday Silk Road: The main strategy is to high sell and low buy in the 4055-3975 range.
Daily level: Yesterday continued the rebound trend, forming a small upward candlestick, and is currently testing the resistance of the 5-day moving average (MA5).
Weekly level: The index has broken through the short-term upward trend line and relevant moving average support, and is currently in the key accumulation zone of 3800-3880.
Market outlook: If it effectively breaks through the 3800-3880 range next week, the lower space will be opened up, potentially triggering a new round of deep corrections, with an initial target of 3600, and even a risk of probing the 3000 mark.
If it rebounds upward: The main pressure zone for short-term rebounds is in the 4070-4200 area, where previous trapped positions and some technical sell orders are concentrated.
Midday Silk Road: The main strategy is to high sell and low buy in the 4055-3975 range.
