6.8 Monday Morning Latest Thoughts 🫓: The rebound is not a reversal; intraday main 🈳, with auxiliary bullish

Time flies—before we know it, it’s already Monday. Can we catch the new round of opportunities? Wishing everyone good luck!

Looking back at the weekend market, it already feels less stable. After the big 🫓 probed down to the 595 support on Saturday, over the two weekend days the market mainly oscillated between bulls and bears, until the current high of 642. Overall, it was nearly a 5,000-point gain. Throughout, there were plenty of good 🈳 opportunities—you could still take some 🈳 along the way.

On the four-hour chart, the overall downward channel remains unchanged. On smaller timeframes, there were consecutive bullish candles that broke through the middle band and held above it. Don’t be misled by the short-term strength—going forward, if price cannot hold above 640, it will be difficult to see many meaningful rebound moves. After all, the main structure is still 🈳. Don’t let short-term rebounds distract you—intraday, continue to stay with the main 🈳 approach, supplemented by bullish actions.

Morning reference: 635, 640 is 🈳. Downside: look at the 615–605 range. Focus on 600—if broken, continue looking down to 590. If it isn’t broken, flip back to a long bias.