6.17 Wednesday morning—latest thinking: go long first during the day, then test pressure, and after that move to the next “🈳”.

After a round of gains, the market once again enters a period of consolidation and adjustment. The short-term resistance above is concentrated in the 670-675 area, while support below is at 655-650. In the short term, the big 🫓 is trading within this range; it is currently consolidating around 657.

On the four-hour chart, after the big 🫓 pushed up to the 673 area, it briefly pulled back with a bearish candle. It is currently pausing above the middle band. Weakness on the smaller timeframe has not changed the short-term upward structure. At the same time, the Bollinger Bands are pointing upward, and there are no signs of a turn. For the day, you only need to watch the support at the middle band: if it holds, this round of upside has not ended; if it breaks, then this round of upside ends here. Overall, the pullback is limited—expect a rebound first during the day.

Refer to the 655, 650 area: on dips, go long, and look for the 670-680 range. If it breaks out, follow the trend; if it doesn’t, reverse. 🈳.