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7.17 early-morning thoughts
Yesterday’s drop saw increased volume. The low-level rebound had weak momentum. Toward the close, trading activity quickly shrank. After the bulls pushed up, they lacked follow-through.
A double-top formed at 65589. After pulling back to 63833 support, there was a small rebound, but it ran into resistance at the mid-Bollinger Band and closed red—pressure was clearly visible.
This rebound is only a short-term adjustment within the downtrend; the trend has not reversed. Don’t treat it as a bullish market.
Big brother: Resistance at 64800, 65500 faces pressure and breaks down; look down to 63000, 62000.
Second brother: Resistance at 1910, 1950 faces pressure and breaks down; look down to 1800, 1750.
#韩国KOSPI暴跌5%触发熔断 $LAB