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5.11 Market Situation: This Monday was quite exciting, with an early spike back to the resistance level of 82,400 that the manager reminded us of last week.
Currently, it is testing the 805-808 range again, so the short-term trend is also quite clear. If the hourly chart cannot sustain within the 805-808 range, be cautious of the market continuing to pull back toward the support near 79,900.
If there is no quick spike up from 79,900, it will be very pessimistic for the bulls. So for now, let's observe whether the market will oscillate within the 805-808 range or if there will be a spike rebound at 79,900. These will be the two main points to watch today.