7.13 Morning Thoughts

Last night’s market saw a spike followed by a pullback; after quickly dipping to a bottom, it entered a weak rebound and repair phase

Although the short term saw a slight upward move, overall it is still in the adjustment cycle after bears took the lead. There are heavy resistances overhead, and the strength of a bullish counterattack still needs to be tested

Big brother: resistance at 64500, 65200 can’t break through; watch for downside toward 62500, 61500

Second brother: resistance at 1850, 1880 can’t break through; watch for downside toward 1750, 1710
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