Mu Yao: Short-term pullback accumulating power, waiting for the minutes' guidance

This afternoon, no key economic data is released, and the market enters a technical oscillating washout. The medium-to-long-term bullish structure remains solid, with limited downside space. The direction awaits the release of the Fed meeting minutes on Wednesday.

The daily chart bullish pattern is intact, but upward momentum is weak, requiring a pullback to gather strength; the 4-hour indicators are converging weakly, with the day mainly oscillating and pulling back, while the 1-hour chart is under pressure.

Operation:
Place long positions in the 4110-4120 range, stop loss set at 4100, upside targets at 4155 and 4170 sequentially.

Note:
The above analysis is Mu Yao's personal analysis. The market changes rapidly. The content is for reference only and does not constitute any investment advice!
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