2024-09-12 Today's Viewpoints Abbreviated Version

Hello everyone, I am your cat brother. I don't know that everyone did not enter the order according to the trading plan after the needle last night and the early morning retracement. Make a reasonable trading plan in advance, and don't panic after the retracement or pull-up. Just execute according to the established plan. All positions are clear. Try not to go against the general trend. After the key position is broken, just don't consider long, open short close to the middle track, and when it retraces to the previous support and stops falling, there is no reason to continue to go short. Go long if you should, and then pay attention to whether you can return to the top of the middle track and stand firm again. The market is changing rapidly. Fixed longs and shorts will not have a good result. If you don't intervene when a market just starts, there is no way to "800 directions a day".

The premise of the pattern is the right position, the right direction, and the fine position management (after the new support appears, move the stop loss to a position slightly below the new support level), rather than lying flat and playing badly in the name of the pattern. If your chips are not near the previous low, you are not qualified to play badly.

Finally, let's summarize the situation of the big cake today. As expected in the early morning, it consolidated at 573 and broke through 580. Then, from 580 upward, there are dense resistance levels connected. The old resistance levels before are still suppressing. When connected, they are 585-589-595-599-605-610-612-615-618-620. Therefore, before there is enough momentum, it is better to pay attention to where it will rise this time, rather than paying attention to the situation of its retracement. As long as the "bottom" of the retracement is higher each time, there is no problem with this bullish pattern. The price is too close to 580 now, and it may not be able to hold here. Let's see if we can find a support above 573, for example, 578, an old friend that has played a supporting role many times before.

Before the 19th, try to follow the idea of ​​buying more when the price falls back, and it is not suitable to open a short position against the trend. Open a short position and find a high point on the daily line on the 19th, and enter the short position once and hold it until the beginning of October. The risk and return rate are more suitable than going short now.