This afternoon at 3 PM, the market suddenly entered a correction mode, directly breaking below the middle Bollinger Band, very cleanly and neatly, indicating that this decline was suddenly met with selling pressure.
After reviewing all the data and news, it is almost impossible to find a reasonable explanation for this drop.
However, we have been saying these days that the current market is still in a consolidation phase, and it may remain in this state until just before Trump takes office, so everyone should be mentally prepared.
Nonetheless, this also presents a relatively good opportunity for high selling and low buying.
I have clearly informed everyone in the group about the operational range; small positions can be tried, but don’t be reckless, because at this time, the main forces can easily break through these so-called support and resistance levels.
However, from the liquidation map, it seems that the downward clearing target should have been completed, and the probability of the market fluctuating upwards tomorrow is slightly higher.
If the market corrects to the 93,000 support zone, one can buy a little.
In fact, analyzing these short-term market conditions daily is something we bloggers have to do; it doesn't have much guiding significance for everyone.
Especially regarding investment methods, such small-scale fluctuations have no impact on us; a drop is actually a good thing, as it allows us to buy at lower levels and sell at relatively high levels, thus continuing to lower our overall holding costs.
However, during this process, we will generate a lot of panic emotions, which need to be correctly guided, otherwise, excessive fear will lead to panic selling.
At this time, exiting would truly be falling before dawn.
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