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Yesterday's market showed an overall bearish momentum with incremental selling. The price moved up to around 74600, then pulled back to around 70800. In the early morning hours, the price rose to around 71980, then fell again to near 70400. Overall, the market showed bearish incremental decline. Operationally, it's still advisable to enter positions shorting at highs.
Thursday morning outlook:
Price around 71500-72000 level to short, targeting the 70000-69500 area.
Price around 2205-2230 level to short, targeting the 2155-2135 area.
Market volatility is significant. Pay attention to risk management and defense. Profit-taking within the range is recommended for safety.
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