The short position provided yesterday was wrong, but the overall direction is still bearish. Last night, the first day of trading after the holiday for US stocks opened with a gap up, but the subsequent trading volume was insufficient, oscillating back and forth between 96000 and 97500. Currently, the resistance level is decreasing as the oscillation time lengthens.

The four-hour chart is now close to the upper resistance, and there is pressure for a pullback in the short term. At the same time, bearish signals have also appeared on the daily chart. The upper resistance for the day is at 98000 and 98600, while the lower support is at 95400 and 94700. The trading strategy for the day is to maintain a short position near the resistance levels.

Short at 97500, add to the short position at 98000, defend at 98400, target 95400-94800.