Today’s market outlook: the monthly opening price is 2264.37! With the monthly line switch, we still use this approach—set the trend with the monthly line, find positioning with the weekly line, and execute on the daily 4-hour timeframe. We’re looking for a range-bound, slightly bullish scenario: buy the pullbacks. For taking higher entries, keep positions light!

From the monthly chart, we can see that April’s monthly line is a bullish candle, roughly similar to March’s closing, followed by a retracement after finding the line at high levels—there’s a reversal-within-reversal pattern.
On key price levels, resistance above is 2300 (the monthly line’s mid-range). Strong resistance at 2500, and the trend-reversal confirmation price is 2700!
Support below is 2180, and 2050 is the 200-day moving average level. Strong support is at 1900! The monthly chart is bottoming with a bullish bias, and the overall upward probability for May is relatively high. Buying pullbacks is a big opportunity for brothers to profit!
Long position ideas
Aggressive: 2180-2200. If the price does not break the range, and using the 4-hour stop-falling/turning-down signal, directly get on board with a long. Stop loss: below 2150! Targets: 2300/2450 (previous high points). If you pull back to 2400 and confirm the breakout is effective, add positions along the way, with targets at 2500-2580-2630!
Steady: Observe 🧐 breaking above the previous starting-rise area at 2300. If the pullback to 2280-2300 does not break the level, go long directly, with a stop loss at 2250! Targets: 2450-2500-2700! For aggressive add-on entries: if price holds above 2330, roll (add) positions—50-80 is not suitable for adding. If the market stabilizes above 2380 and keeps heading north, and then consolidates at 2400, hold and manage it, adding with targets at 2500-2700!
Short position ideas
Aggressive: 2480-2500. If volume expands but it still fails to break through, and combining the 4-hour top divergence, find an entry point and set a stop loss at 2530! Targets: 2400/2300.
Steady short: If the weekly chart closes a bearish candle next Monday and it still fails to hold above 2280 for a long time, and the closing price is below 2230, go short directly, with a stop loss at 2255! Targets: 2100-2050!