That overnight move was impressive. The daytime outlook also reminded us that a head-and-shoulders pattern is forming. The two “big pies” also followed through as promised: the drop smashed through the 60K level, fell to around 59,000, and then rebounded. This wave of a few thousand points of downside space is being hammered in a very solid way.

At present, although the overall picture has somewhat improved, it’s still a reduced-volume rebound after a sharp selloff. It feels more like a brief repair and consolidation rather than a reversal. At this point, we still need to observe what happens around the 60K level—this is the short-term line that separates bulls and bears. Right now, the market has entered a low-range consolidation and repair phase. Keep an eye on the 61,500 - 62,500 area; you may try to take shorts there. Watch closely near the key 60K level—if it breaks down, it will confirm the downtrend continuation and could open up further downside space.