July 15, Wednesday 3️⃣ early morning

After Monday’s long stretch of gloomy days, today the “big cake” slid lower on inertia again, dipping to a low of 61,800, and then slowly began to range and climb back up. In the evening, the U.S. CPI data came in unexpectedly favorably, instantly igniting “doutou” sentiment; the price then surged higher in a straight rush, most close to touching around 64,900. This upswing really is a bit intense.

But in my view, this push higher is more like an emotion release driven by news-side stimulus, and its staying power is still questionable. Once this round of “doutou” momentum has burned off about enough, the market will most likely return to the “kangtou” rhythm; afterward, the probability of moving into a pullback/repair correction is relatively high.

Recommendations:
Big cake: rebound toward the 65,000-65,300 area, kángtou
Target: 63,400-63,700 area;
Second cake: sync around the 1,890-1,920, kángtou
Target: around 1,810-1,840.

Steady is key—carry your defense, don’t chase, don’t “kill/abandon,” and wait for signal confirmation before acting.
#美国核心CPI未达预期