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Tonight after the US stock market opens, the current market shows a decline followed by a weak rebound, with 67400 not reclaimed, and the bears still pressing down. It's not that there is no rebound at all, but after bouncing from 65360 to 67500, neither the 1-hour nor the 4-hour chart has firmly closed above 67400, indicating this rebound hasn't upgraded, meaning it hasn't stabilized.

Trading volume and open interest also support this judgment; volume increased during the decline, and open interest rose, indicating it's not just stop-loss activity but new short positions participating; during the rebound phase, buying did not follow through, and later the price hovered around 67000, open interest increased but the price couldn't push higher, showing the rebound quality is insufficient.

Currently, the situation is ambiguous and tense; focus only on 67400. Only if it is reclaimed can there be a chance to test 68600, and going higher, 70000. 70000 is the daily line boundary; until it is reclaimed, the daily chart can only be considered a weak recovery, not a sign of strength. Looking downward, watch 65300, which is today’s low and short-term defense line. If broken and not reclaimed, the risk could extend to 64600, as well as the key level of 62400 given at noon today.

So, the current low-level weak rebound is not a reversal, and avoid emotional shorting around 65300. The main idea is to be optimistic about 67400; reclaiming 67400 reduces short-term pressure; reclaiming 70000 means the daily chart begins to recover. Conversely, if 65300 breaks and is not reclaimed, the weakness will continue to expand.
🚨Information sharing, not constituting any investment advice!🚨
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