Although the KOSPI completed an algorithm-driven mechanical deep-V rebound around the 6,500 level, and during the decline it even for the first time closed a small bullish candle with a long lower wick—just like SNDK1500 last week—

but the resistance overhead is still quite formidable, and you could even say it’s quite alarming to behold.
The 5, 10, 20, and 30 EMA are, respectively, clustered around 7,150, 7,500, 7,800, and 7,900 points—at least more than 300 points away from the current price.
Compared with them, today’s small rebound is actually so insignificant.
The question now is: if this isn’t a W bottom, then KOPSI must continue to break above 7,000 within a week.
Otherwise, a week from now we may see 6,500 points in South Korean stocks again.
Thank you all.