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Tuesday Night Jing Yi's Market Sentiment
The market has beaten me a thousand times, I treat the market like my first love
Today, this Air Force acted like a little wife, can't even speak out the hardship!
Morning high of 773, pulled back to 764, a full 900 points movement in a day,
and even with full calculations, the second pancake is only 41 points, just a small short-term play.
Currently holding steady above the short-term moving average, but the rebound strength is weak,
belonging to a weak sideways trend after a decline.
Short-term oscillation for recovery, the medium-term remains bearish;
sell on rallies, do not break support for short-term longs, as long as 760 key support holds,
it will repeatedly test the bottom; once it breaks below 760, a new downward wave will begin,
targeting around 750; currently, the downward trend dominated by bears continues,
only a weak short-term rebound, do not mistake it for a reversal.
Trading Suggestions
Resistance zone: 775–778, rally stalls → Light short position, stop loss above 782,
target 765→760;
Support zone: Rebound from 760 without breaking → Short-term long for a bounce, stop loss at 758,
target near 775.
Let's also look at the second pancake, KDJ:
It has already turned downward from a low position,
short-term still needs a slight pullback, first watch the 2100 support test.
First short-term resistance: 2140-2197–2260
The previous high and the starting point of the decline,
the dividing line between bulls and bears in this round of decline,
only a recovery here would mean a thorough bottoming and rebound.
First short-term support: 2100 integer level
Currently, the K-line is densely oscillating along the lower end,
breaking below will directly weaken the trend.
Today’s lowest point, the ultimate key support in this decline,
not breaking 2074 means a low-level oscillation,
breaking below opens up a deeper decline space.