5.17 Morning Thoughts

From the 4-hour chart, the current market situation presents a complex situation. The Bollinger Bands are closing, and the market volatility is small, which may indicate that the market is looking for a new direction. However, the air situation fluctuated around the 66,000 mark for a long time, and finally broke the gap downward and ran to its 65,200 point, which suggests that market sentiment is becoming negative.

At present, the middle track of the Bollinger Bands has become the main short-term support force. This means that the market may get some support at this position, temporarily easing the downward pressure. However, it should be noted that if the air situation breaks down, the market may further explore the 60,000 mark. In the future, we will focus on rebound.

The big cake is around 65400-65800, and the next is 600-1400.