This recent surge is just a washout, so I predict that the future will still be volatile!!!
Tonight, the market indeed welcomed a wave of upward movement, but we should maintain a rational attitude towards this and not be overly optimistic about short-term trends. From the existing data analysis and technical indicators, the market is still in a relatively fluctuating range and has not shown any clear signals of an impending breakout.
The possibility of the market experiencing a sharp rise in the short term is not high, especially during this special period of Christmas, when most professionals on Wall Street will enjoy a rare holiday, and the market's activity will naturally be affected.
My personal prediction is that the market may continue to fluctuate in the range of 92,000 to 99,000 in the next 1 to 2 weeks. During this time, there may be several rapid ups and downs, which could exacerbate investors' emotional fluctuations, tempting them to sell out of anxiety, and this is a common tactic of market washouts. Only when such a period of fluctuation passes can the market possibly welcome a true breakout.
It is worth noting that this period of fluctuation is also an opportunity for major funds to quietly position and build their positions. Due to the large scale of their operations, the inflow of funds must be gradual to avoid excessively pushing up market prices.
Therefore, in the face of the market's rise, we should remain calm and not be overly excited by a temporary rise. Similarly, if the market retraces to the 92,000 point or even lower to the 88,000 point range, we should not feel panic, but should hold on to the quality assets we have.
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