6.11 Intraday Outlook Analysis

Yesterday achieved four consecutive wins—once you nailed the choppy market rhythm, Duokong’s double-squeeze secured a drop of 3200 points, with Luodai at 17,000. In the evening, the CPI data did not trigger a strongly directional move. After reaching 628 in the early morning, it failed to stabilize; it then slid lower toward around 610. Today, it’s highly likely to keep oscillating within the range.

On the 4H timeframe, the moving averages remain in a bullish stacked order. The price rebound is continuously suppressed by the medium-term moving averages; the highs step down one level at a time, and rebound momentum gradually exhausts. The bearish-dominant structure has not changed. The key intraday resistance zone is 618-622, and the support zone is 605-608. If support breaks, the downside room will extend to the previous low near 590.

On the macro level, expectations for a Fed rate cut continue to be pushed back. The high-interest-rate environment’s pressure on risk assets is still ongoing. With insufficient incremental market capital, rebounds are mostly passive, weak repairs, and lack sustained upward momentum.

Strategy reference: If price rebounds to around 625, short with targets near 605. If 605 breaks, then look directly toward 590.