The market is bearish, and there are many reasons for the decline! Don't chase high and get trapped, stability is the kingly way!
In the current market, there is really no reason to rise! Last night's PCE and consumer confidence index data were slightly lower than expected. Although it is a small positive, the good news is bad news. The big cake tried to rebound, but it was unable to break through, and finally fell back to 57,700. It rebounded above 59,000 this morning. But don't think this is the bottom. Tens of thousands of big cakes in Mentougou are still waiting above. If they are pulled up, they will take the opportunity to sell. The market funds can't catch it at all!
The Gaza peace talks are heading for a breakdown, the uncertainty of the market is increasing, and weekend shocks are a high probability event. If it breaks through 60,000, don't chase high, you can consider going short at this position! If the remaining 40,000 big cakes in Mentougou continue to sell, 55,000 is a point that is very likely to be touched.
The current market is difficult to do, and band operation may be a good choice. The general trend is not yet clear, don't chase high easily, and don't rush to cut meat! It falls as soon as you chase high, and rises as soon as you cut your losses. In this market, stability is the key! Slowly build a position, no one can buy the real bottom, don't fight for the head and tail of the fish, concentrate on eating the middle!
Pay attention to the senior, help you stabilize your position, and advance and retreat in an orderly manner!
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