The rebound last night was beyond expectations.

I originally thought it would only hover around 950 before coming down.

However, I underestimated the foreigners' determination to buy New Year goods before the holiday, and the price once climbed up to 96k before stopping.

Now, this downward trend line is still valid, as it was quickly brought down after rising.

Moreover, the golden cross momentum indicator on the four-hour chart showed signs of turning back before it could gain strength.

All of this seems like a bait for more buying, and with the overall market closed today, the volatility is likely to be small, which might actually stimulate more buying activity. The monthly candle looks quite good, a hammer bearish line, and the beginning of the month should still see a downward trend.