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The overall market shows a downward move with increasing momentum, then pulls back and falls back. The market pulled back from around 77,400 yesterday to hover around 75,400 and remains in range-bound fluctuation. On the daily chart, the upper wicks shrink and volume decreases, forming a solid bearish candle. On the 4-hour chart, the upper wicks with increasing volume touch the middle band and gradually form a downward break. On the hourly chart, the upper wicks with shrinking volume slowly drift downward and pull back.
Sunday daytime market:
For the market around 75,800-76,300, focus on 74,800-74,300.
For the market around 2,360-2,380, focus on 2,315-2,285.
Market volatility is relatively high. Pay attention to risk control and defense; it’s enough to gain within the range to lock in profits safely.
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