Some friends are concerned about whether the big cake has walked out of the weekly level of the downward channel. As far as the current weekly pattern is concerned, we are still running in the downward box. Unless the price breaks through 671 upward and stands firmly at one weekly level without breaking. It is considered to have broken through the downward box, or the callback stops falling at the position marked in the figure (above 548). The higher the callback is completed, the higher the upper limit of the next pull-up will be. If the pin touches the lower track of the trend line again, then I'm sorry, we are still running in the downward channel, and the weekly level top will also be lowered.

Under the continuous net inflow of ETFs, it has been pushed to the current price. As soon as the US stock market does not open at the weekend, we have entered a state of negative decline and sideways trading. The bulls put a support at 654 to maintain the price. I don't know how long it can last.

Pay more attention to next Monday and National Day.

The bulls must be able to return to 65806 as a signal to resume the upward trend.

Returning to 66280 without breaking is a signal to restore strong bulls.

A drop below 654 is a potential signal for a reversal, and a drop below 644 is a confirmation signal.

The daily level KC1 top is 674, and the daily level can reach the top very rarely. The upper edge of the weekly level trend line is 671.

If you want to eat the fish tail, remember to move up the lower stop loss.

I wish you all a happy National Day in advance!