[What’s next for the market? 】
The current quotation of the market is more than 35,800. We have been reminding the risk of a correction after the market reached a new high of 37,000. Last night it fell directly to around 34,800. If it fell below the long-term upper shock channel (blue area) and then reversed and recovered, the market will continue to rise. Is the range on track? It is more difficult. The highest short-term rebound is expected to only rebound to the middle track of the channel (near the black line in the picture) and the middle track of the 4-hour Bollinger Bands, which is between 36000-36400, and then fall below the channel to around 33000. Therefore, our view has not changed and we are waiting for the opportunity for a correction in the market.
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