$SNDK I have always kept this position here. At that time, I felt the support at 1458 was relatively strong, and later on September 1, it rose sharply on increased volume. I was thinking that since there was unrealized profit, I might as well gamble on the non-farm payroll data.
However, the selling pressure above 1800 is too strong. If it can hold steady and gain volume at the 1830 level, then I think it could directly move toward around 1980. The reason can be seen in the candlestick chart on July 12. The saying “golden September and silver October” is not wrong; the overall market trend is still leaning toward the bullish side.
But from the candlestick chart, there may be a risk of a pullback. If this pullback can hold above 1700, then there is still a very high chance of moving toward around 1980-2000. If it falls back below the previous resistance level of 1600, then this wave would be like a false breakout, especially since it has repeatedly pulled back around 1790.
At present, expectations of rate hikes from the Federal Reserve and the Bank of Japan still remain. U.S. Treasury yields have not come down yet, and global geopolitical tensions have not been fully resolved. So up to now, the global investment market has not yet reached the stable conditions of a bull market. It is recommended to take profit on long positions #SideSwap暂停Liquid服务
However, the selling pressure above 1800 is too strong. If it can hold steady and gain volume at the 1830 level, then I think it could directly move toward around 1980. The reason can be seen in the candlestick chart on July 12. The saying “golden September and silver October” is not wrong; the overall market trend is still leaning toward the bullish side.
But from the candlestick chart, there may be a risk of a pullback. If this pullback can hold above 1700, then there is still a very high chance of moving toward around 1980-2000. If it falls back below the previous resistance level of 1600, then this wave would be like a false breakout, especially since it has repeatedly pulled back around 1790.
At present, expectations of rate hikes from the Federal Reserve and the Bank of Japan still remain. U.S. Treasury yields have not come down yet, and global geopolitical tensions have not been fully resolved. So up to now, the global investment market has not yet reached the stable conditions of a bull market. It is recommended to take profit on long positions #SideSwap暂停Liquid服务
