On Wednesday, the shipping situation experienced a pullback, declining from the midnight high of around 108300 to a low of about 103000 during noon, resulting in a drop of over 5000 points. After we took profits from a short position in the morning, we set up a long position accordingly. Although the shipping situation further retreated, after notifying to add positions, we finally saw a significant upward stretch in the evening, with our added long positions yielding a profit of 1339 points. In the afternoon, we also provided a synchronized low long strategy. Friends who executed based on the levels surely wouldn't miss this upward stretch in the evening.
From the current market perspective, after a long period of violent stretching, the weak pullback during the day effectively releases the market's emotional tension. From the daily level, we can also see that the current shipping situation is still within a long structure, with multiple retests of the 7-day moving average, all recovering after stopping the drop. We can continue to observe the support situation at this level during midnight. From the four-hour level, the Bollinger Bands are contracting, with strong resistance forming at the middle band. Despite several upward movements from afternoon to evening, none have effectively broken through, indicating a continued need for accumulation in the short term. We will continue to look for recovery by adding long positions at low levels during midnight.
Big Pie: 103000~103500 long, looking up to 106000.
Auntie: 3810~3840 long, looking up to 3950.