7.15 Morning Huang’s thoughts

Today, I won’t look at the overall trend for now and instead focus on a potential reversal. First, look at the key overhead resistance levels: 4078, 4087, 4094, and 4116 are all relatively important resistance points. If the price can surge through this range in one go, then you can look toward 4139–4142.

The levels below that are meant to support the market are 4047, 4031, 4023, and 4002. Pay special attention to 4023. If this level can’t be held, the market will continue to probe lower. Next, watch 4002, 3987, 3974, and 3957. If the market moves to extremes, the range could extend to 3939–3925.