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Last week's market showed opportunities for both bulls and bears, with a tug-of-war between the two.
So this week is very critical—whether it can break through the key resistance at 2375 to form a strong monthly upward trend.
First, look at the intraday key support at 2330; if the market stays above this level, the bulls are in control.
The key resistance is at 2375, which is also a weekly resistance. Once broken, a big rally is expected.
Intraday supports: 2330, 2300, 2275
Resistances: 2375, 2420, 2460
Short-term strategy:
Auntie (姨太) short around 2380 with a stop loss at 2395 and take profit at 2360-2350
Auntie (姨太) long around 2305 with a stop loss at 2290 and take profit at 2330-2350-2380
Once the 2375 level is broken this week, the monthly chart will strongly rally to 2560-2680.