7.17 Jack afternoon market big board analysis

After the earlier pullback fell to the 1819.90 low, it rebounded slightly. The current price is still hovering around 1830.24. The moving averages are overall still moving downward; the 1870.81 resistance overhead is very strong, and there are plenty of sell orders in the 1830–1850 range. This rebound now is just a buffering phase after the sharp drop. Bullish momentum is not strong enough—if it cannot break through the 1850 level next, the market is still likely to remain biased toward the bears.
A chance to enter has already appeared