5.9 Xin Xin Auntie's Morning Analysis Insufficient volume, follow the trend to watch for a pullback

In the morning, Auntie’s rapid rise to 2320 was quickly followed by a pullback, forming consecutive upper shadows at high levels, and the bullish momentum weakened after the initial surge. Although there was a rebound in market sentiment, the volume was clearly insufficient, unable to break through the previous high resistance, showing an overall pattern of “rising sharply - pulling back - weak rebound,” with selling pressure continuing to be released from above.

The KDJ indicator completed a death cross at high levels and quickly fell back, with a slight rebound but still in a downward channel. The rebound is a correction from oversold conditions rather than a trend reversal; meanwhile, ATR continues to decline, market volatility narrows, lacking sustained upward momentum support, and the “pullback” signal at high levels has been preliminarily confirmed.

Currently, the market is weakly consolidating around 2312, which is a rebound after a surge. If it cannot effectively hold above the 2320 level, a second retest is highly likely in the short term, with support looking at the 2290-2270 range.

Trading suggestions:
Auntie should consider positioning around 2330-2340 to watch for a pullback, targeting 2280-2250, follow the trend to watch for a pullback, and be cautious about chasing the dip.