7.4 Evening Plan Analysis



Late today, the big cake continues to range and trend downward, currently trading around 62600. In the short-term, the bulls are in dominant control. Pay close attention to the 61800-62200 support area below. Near the support, you can go long in line with the trend.

Big Cake Direction:
On a pullback to 61800-62200, go long. First look at 63600 as the target. If it stabilizes, adjust the plan based on the strength of the pullback, then continue looking higher.

Second Cake Direction:
It is expected to continue following the big cake. Watch the 1720-1740 support area below. If it pulls back and then stabilizes, a rebound may follow; first look at 1830-1850 as the target. If it breaks through, continue looking higher.
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