7.13 Midday Thoughts

This morning I went straight to the scenario and gave the key levels: the big cake 64,700-65,200 and the second cake 1,850-1,890—both of these resistance zones matched perfectly.
After the two products pushed up to the upper boll band, the buying pressure quickly couldn’t keep up, and then they followed with a selloff on increasing volume.

The second cake topped out at 1,848, got rejected, and then the low iterated down to 1,783. It directly iterated through the 1,810 boll mid-band. Now, this level has flipped and turned into strong resistance.
Overall, the downtrend has continued with selloffs on expanding volume, and the rebounds have come with no volume. It keeps moving outward, and the trend on the Kongtou side is already very clear.

In the short term, even if there’s a small rebound for repair, it won’t be able to change the larger downtrend direction. Going forward, when the rebound approaches the boll mid-band pressure level, still prioritize following the trend to look for another pullback, and manage risk properly.

Big cake: if it rebounds near 63,500-64,000, the Kong stance, targets look to 62,100-61,600.
Second cake: if it rebounds near 1,810-1,850, the Kong stance, targets look to around 1,750-1,710.
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