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7.27 morning brief: After taking two days off over the weekend, I slept in, and when I woke up I saw my acne spot—then the v went back. Yesterday I also said that Er Gouzi’s great script had held: the pullback to 1883 didn’t work. Enough of the nonsense. The market has had its rest and regained its momentum—suddenly the bulls “stand up” and the price shoots higher fast. Now it’s just hovering in the high range, bobbing around for a bit, like running too fast and catching your breath. The big picture is still steadily trending upward.
In this kind of market, a pullback is just for indicators to “catch up on rest” and shake out the uncommitted positions. It’s not a sign that it’s turning around to plunge downward. We’ll follow the trend and pick up bargains at lower levels—don’t stubbornly fight the larger trend. Wait until it steps in and stabilizes, then act.
Near 65,000–64,400, watch: 66,000–66,900
Near 1,930–1,900, watch: 1,980–2,020
Those who are certain at the start will eventually doubt; and those who are willing to begin with doubt will eventually be certain.
The above is all for personal entertainment and sharing only and does not constitute any advice.