Market analysis:
Today is Monday, and here I will summarize my views on the broader market based on the ideas I published previously.
Prices showed no signs of falling after Monday's open and kept making new highs.
The daily highs on the 18th and 19th also gradually lost their effect.
Therefore, from a time point of view, we need to pay attention to the high point from the 24th to the 26th. This high point may be the time point when it is easier to constitute a callback since the rise of 58900. But this indicates that time has not converged, which means that the high on the 29th may also disappear.
The rising target is around 69700 to 70800, which is the target on the matrix, followed by 72800, which is the extreme rising target based on the rise of 58900. Once this target is reached, the rising space will be extended successively, which is beneficial to the bulls.
There is no obvious callback price reaction at the current highs, so we must respect the market's decision. It was previously believed that the market would continue to converge on October 10 if it chose to converge in advance, but it may not be the case at present.
Then here we need to consider whether the price will continue to trade sideways at high levels, and then form an upward test on the 24th to 26th.
It is difficult to judge at the hourly level, because there is no volatility on weekends and there is no way to measure the rules, so we can only look at the daily line.