July 23 Morning “Er Bing” Analysis

The market is currently in a volatile pullback phase. The price has fallen from the high of 1956.86 and is now hovering around 1929. In the short term, the moving averages are arranged like a drooping “canted/tilted head,” indicating heavier sell pressure overhead. For support, watch the 1909 low; if it breaks, the price may probe lower again. As for resistance, look at the 1940–1945 range.

It is recommended to stay on the sidelines mainly for the short term, and wait for a stabilization signal (such as a bullish breakout with volume that breaks through the moving-average resistance) before considering an entry. Set a strict stop-loss below 1900, and control position size to manage volatility risk.

Personal suggestion: quick trade around 1880–1910 for one lot.