5.14 Morning Market Analysis: Confidently Going Long

Last night, the U.S. market experienced slight fluctuations and a decline, with a rapid dip to the key support level of 78,700 early in the morning, then quickly rebounded, stabilizing and rising back to around 79,300, continuing to consolidate sideways; in the morning, the bulls actively pushed up to around 79,600, briefly facing resistance and pulling back, overall showing a consolidation pattern, and the bullish trend remains intact.

The market sharply rebounded after hitting the bottom, with extremely solid support below, only temporarily facing short-term resistance at the 80k integer level. After gathering strength, it will definitely break upward; on the daily chart, the upward channel remains complete and intact. This round of correction is a healthy retracement and a shakeout and accumulation move by the main force, not a sign of turning bearish. The long-term bullish trend is clear, and the outlook remains optimistic for oscillating upward. Be patient and wait for the bulls to increase volume and push higher.

Trading suggestions:

Buy on the dip at the 79,000-79,500 support zone, targeting around 81,000-82,000.