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5.4 Evening Concubine Market Outlook
In the afternoon, the concubine surged past 2400 but quickly retreated, then increased volume to sell off to around 2313, currently trading weakly around 2338 with sideways fluctuations. Overall, the bears are in control, the negative impact of the Federal Reserve remains, combined with the uncertainty of the US-China conflict, making long chasing risky. The intraday strategy is to mainly short on rebounds.
Trading suggestions:
Short in the rebound range of 2370-2395, target 2330, and if broken, look towards 2300-2270.