Lower multiple hairs, dropping every day and still lower multiple

12.23 Monday Big Pancake Aunt's Market Analysis:

Good morning everyone in the new week!

Last week, the Fed's rate cut started at the 102000 area, which means that if we cannot recover above this level this week, the downtrend will still be hard to change. Technically, the 97500 and 98000 areas are forming an irregular double top pattern, and on the daily chart, the overall cycle is still constructing in the right shoulder area of a head and shoulders top. Therefore, the bulls can only say that a new round of upward movement has begun if it closes above 99700. However, the bears have already locked in positions, so we must be cautious about oversold rebounds!

Currently, the important resistance above Aunt is 3293 3370!

The market today has mixed positions. I suggest a low long position today!
The recommendation is to go low long at the current price of 94500/3260 with a stop loss at 93800/3220 and a target of 97500/3400!