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In the early morning, the market retreated from around 82,400 back to around 80,400. Overall, the market has formed an inverted V-shaped range. Currently, on the daily chart, the bulls are shrinking volume with a slightly bearish reversal; on the four-hour chart, the bulls are shrinking volume and have closed a solid bearish candle after touching near the mid-band; on the hourly chart, the “pump” incremental amount increases and forms consecutive bearish candles, indicating a downward cross.
Monday midday:
Market around 80,500-80,000—pause (“哆”); just look toward 81,500-82,000.
Market around 23,200-23,000—pause (“哆”); just look toward 23,55-23,75.
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