Friday: Monthly closing atmosphere, oscillation and adjustment

One should not force things; no matter how large a piece of fabric you have, you can only make a garment of a certain size. Trying to do the impossible will only waste time and energy, and you will still be dissatisfied with the outcome.

Today’s morning session was very clear: the rhythm has entered a consolidation phase. Regardless of technical structure or timing, it is difficult to achieve a continuation of a one-sided trend. With Friday being a key point and on the eve of the monthly closing, horizontal consolidation is normal. After a whole morning, even ten rounds of low buying only netted a thousand points.

From a technical structure perspective, on the four-hour level, the price faced pressure, plunged, and consolidated for recovery. Although there has been some stop-loss, there has not been a significant recovery. The lack of volume push is the best proof of the slow recovery. In the short term, the compressed adjustment makes it hard to see a strong rebound. The bullish volume cannot drive prices upward, and in a weak horizontal state, the recovery lasts longer without any strong signs.

In the afternoon, our approach will primarily focus on selling high:

From an operational perspective, I personally suggest shorting in the 96500-96800 area, aiming for 95800-95300.