7.12 Evening Silk Road

Before the “big pie” surged to the 64,680 grease point, the upward push directly died out. Several attempts to push higher couldn’t break through the grease point; the overhead pressure is especially heavy.
Now it’s just grinding back and forth around 64,000. The rebound strength is particularly weak. There’s very little capital willing to enter to catch the bounce. A lot of profit-taking sell orders have piled up at the grease level. In the evening, the market outlook will most likely range and then move downward for a correction.

For the “big pie,” watch the area around 64,600–65,100, with targets looking toward 63,200–62,700.
For the “second pie,” watch the area around 1,830–1,870, with targets looking toward 1,770–1,730.
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