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Wishing everyone a happy Labor Day!
Today’s high-level consolidation, daily chart shows weak oscillation, short-term direction is unclear, mainly trading high and low within the range, do not chase orders without a break.
Key levels
Resistance: 76,500–77,000, prioritize shorting at resistance
Support: 75,000–75,200, stable support can attempt long positions
Trading suggestions
Short: Rebound to 76,500–77,200, stall and short, target 75,800–75,200
Long: Dip to 75,000–75,200, stabilize and go long, target 76,000–76,500, stop loss below 74,800
Breakout: Increase volume and hold above 77,000 before chasing longs; effectively break below 75,000 to short with the trend
Summary
Yesterday’s surge and pullback, today’s oscillation and recovery, bulls and bears are evenly matched, rebound continuation is weak. Strictly control position size and stop-loss, avoid bottom fishing and holding large positions, precise timing makes operations more stable.
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