5.20 Big Cake Midday Analysis



The current market is seeing a short-term rebound, bouncing from around 76,500 to around 77,300. The rebound is a good opportunity to go short—continue to adhere to the bearish thinking from the morning.

From the 15-minute chart, the KDJ three moving averages have already turned downward and formed a death cross, indicating a bearish trend. The bullish momentum histogram on MACD has been gradually shortening, and the bullish momentum is starting to weaken. The 4-hour Bollinger Bands are gradually tightening, with the opening facing downward; the overall bearish outlook has not changed.

Trading suggestion: Short in the 77,500–77,800 range, targeting 76,000–75,500.
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