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6.21 A Million Clock Midday Market Sentiment Reflection
Current price is in the 4160-4200 range. Before there is a clear breakout, the long/short profit-and-loss ratio is both poor. Prioritize observing and waiting for a directional choice, and avoid stopping out back and forth within the range.
Short-term support: MA7 at 4160. If it breaks, the down move continues. Next support is 4150, and the previous low is 4025;
First resistance: the 4200 round-number level + the MA30 line at 4251.69, with 4250 as a strong dividing line;
Medium-term heavy resistance: the phase high at 4384.94. Only after holding above this level can the downward trend reverse.
Trading idea
If the rebound meets resistance and cannot break through the 4200-4250 range, then a pullback under pressure can be used to go short. Targets: 4150→4030;
If 4160 MA7 support is effectively broken, add positions to look for a second bottom test. Place the stop-loss above 4260.
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