At this position, the hourly chart is consolidating sideways on decreasing volume, and the capital is waiting for direction. On the four-hour view, 2500 to 2520 is the lower edge of the earlier dense trading range, where both bulls and bears are getting stuck. In the order book, there are no consecutive heavy sell-offs from proactive sell orders, but the rebound also lacks strong volume for acceptance—this is a classic case of weak equilibrium.

From the naked K structure: 2540 is the watershed above. Only if price holds above it can we talk about a recovery of bullish momentum. If 2480 breaks downward, the daily timeframe will likely go test the gap at 2440. Over here at the security booth, the hanging fan is squealing like crazy—just like this chart, it’s annoying and wears people down. But precisely in situations like this, you have to keep your hands in check.

In terms of trading: don’t chase. Wait for a pullback to the 2490–2500 zone to take a long position. Set stop-loss at 2465. Take-profit first at 2540; if it breaks, then look to 2560. If price directly breaks out and holds above 2540 on volume, you can follow with a small position; stop-loss at 2520. Otherwise, if 2480 breaks down and the rebound lacks strength, enter a short. Target 2440; stop-loss at 2510. Keep position sizing within 20%. At this point, it’s not worth going heavy to gamble on the direction.

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#美股三大股指周线下跌