The market fluctuated between the range of 90,000 to 98,000 over the weekend. This morning, it suddenly broke down and is once again approaching the support level around 94,000.
Currently, despite a short-term rebound in the four-hour chart, the strength is lacking. Additionally, this week is Christmas week, and the US stock market will close early. Logically, it can be inferred that before this, funds are unlikely to make large-scale moves into bullish positions. The resistance levels for the day are at 96,300 and 97,000, while the support levels are at 94,000 and 93,200. Overall, the outlook still leans towards bearish.
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