7.28 Monday

Good afternoon, everyone!

Besides work, there is life. Taking a break and missing the market might not be a bad thing. Everything has two sides; it depends on how you choose. Don't worry about what you have lost or missed, but rather focus on what you currently have. Mindset – is always the hardest thing to adjust in the market. Keep it up! Friend.

The big pie is currently in a horizontal consolidation phase at a small level, just like over the weekend. There is resistance at 1198, and the first downward target is around 1189. If this position is not broken and the market continues to rebound and oscillate, we should pay attention to the main upward resistance at the two positions of 1198-1203. If it can successfully pull back, we will look at the two positions of 1172-1160.

The concubine has strongly rebounded from around 3600, now facing resistance at 3900 with a pullback. If it does not break below 3840 during the day, the market will continue to rise, with initial targets looking at 3930-3960. If it breaks through, we will look at around 3980. If it faces resistance and pulls back, the first support will be around 3800, and if it continues to break down, we will look at the two levels near 3750-3730.

Overall, the Silk Road suggests not to enter long positions directly at low points to catch high prices, and to avoid chasing rises and selling at falls. Always have a defensive strategy after entering the market.
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