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Once again, the attempt to break through 79,500 failed, is a pullback imminent?
In the weekly review summary released yesterday, we clearly indicated that the current market is in a wide-range oscillation tug-of-war, with the key support level at the 75,000 integer mark, and strong resistance above locking in the previous high of 79,500. The overall trading strategy revolves around this range.
In the early stage of the rally, after a slight increase in volume, the bulls launched another attack on the 79,500 resistance level. The real trading position has been entered and positioned according to plan.
On Monday, the regular adjustment of the market is unlikely to have too much fluctuation. In the short term, we are looking at around 78,200.