Good afternoon, brothers. The election will end voting tonight, but the results may not be announced tonight, so don't have too much expectation. I saw someone say that the result is already out (Trump elected), but I don't know where I saw it. Regardless of who is elected, we will still operate according to the market trend.
Yesterday at noon, we reminded to position around 69200, and later we profited around 67800, with a profit of about 1400. In the early morning, it continued to drop to a low of around 66800, and only started to warm up when the market opened this morning.
From the market perspective, it can be seen that around 67000 was the starting position for the previous rise to 73600. This morning, after touching this low, it quickly rebounded. There is a bottom doji star on the four-hour chart. We have previously talked about the significance of doji stars along the way, and a bottom doji star usually appears after hitting the bottom, indicating a trend reversal. So today during the day, we need to first look for a rebound, and based on the resistance above, consider whether to position. This morning, we already entered around 67700, and there is currently a floating profit of about 600. For those who haven't entered yet, you can consider entering around 68300. This position is not considered a high point for today's short term. Remember, the stronger the pullback, the less favorable it is for entering. The resistance above is 68800-69500 in sequence.
The daily strategy of Yundao focuses on short-term, while the medium to long-term is based on stone plate. The market changes rapidly, so please pay attention to risk control.