7.16 Jack Two-Pancake Evening Market Analysis

After the earlier push to 1890.88, selling pressure continued to show up; the price kept falling all the way, hitting a low of 1881.26. It then started to rebound, and the current price is trading at 1885.74. In the order book, a lot of sell orders are placed in the 1886–1888 range above the market. Even after a short-term rebound, it still faces pressure. After a round of decline, the bulls have improved somewhat, but overall resistance remains overhead. Only if it holds above 1886.37 will the rebound room open; otherwise, the market will most likely continue to trade in a range #二饼