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The market rose from the early-morning range to around 63,700, then moved up to around 64,400. After the “tail,” the bears’ incremental increase weakened and pulled back to around 63,200. On the daily chart, the candle body narrowed and volume decreased, flipping from bullish to bearish (a bearish [red] candle). On the 4-hour chart, the bears’ incremental increase is running below the lower band, forming a bearish (red) candle with an upper wick. On the hourly timeframe, the bears’ incremental increase continues to build. The “tail” still has room.
On Monday afternoon:
For the market around 63,200–63,700, just watch 62,200–61,700.
For the market around 1,795–1,815, just watch 1,765–1,745.
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