April 17 Morning Analysis



In the early hours, Powell delivered a hawkish speech, emphasizing that tariffs are pushing inflation higher. The Federal Reserve maintained high interest rates, causing U.S. Treasury yields to rise and weigh on risk assets; ETFs continued to see net outflows, and institutional selling pressure intensified. Technically, on the 15-minute cycle, the market surged to 75,516 before pulling back, putting pressure on the Bollinger midline at 74,995. The KD death cross gives a clear bearish signal. Resistance is strong at 75,200; support is at 74,535. If it breaks below, it will further test lower levels. For the short term, it is recommended to mainly take short positions.

Trading recommendation: short in the 75,500-76,000 range, targeting 73,500-74,000.
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