The market overall remains range-bound and oscillates downward in the early morning. It falls back from around 60200 to around 59400. The daily chart shows a shrinking-volume bearish pattern. On the four-hour timeframe, the “chattering head” shrinkage is gradually forming a downward penetration to around the lower band. On the hourly timeframe, the “hollow head” incremental shrinkage has penetrated downward to around the lower band.