Last night, the US stock market experienced a double kill, with a slight flash crash.
The US stock heavyweight Oracle suddenly reported earnings below expectations, leading to doubts about the profit model.
After the suspension of ZF, the first negotiation on medical保障 has arrived.
The understanding king does not pay wages during the suspension.
Under the stimulation of short-term news for the US stock market, the crypto sector has experienced a flash crash.
However, these are most likely smokescreens for the main force to cover their positions.
A flash crash at high levels + previous highs, for short cycles, removing some high leverage chasing the rise has always been a tried and true price behavior.
Back to the market. The previous high has encountered two false breaks at the daily level. A standard action to capture liquidity, followed by high-level consolidation.
The daily chart shows signs of stagnation again. The recent trading plan is to observe the price performance after the rebound tests, backed by the 125 level.
Attempt to re-establish a medium to long-term short position.
Intraday oversold rebound, although the strength is not strong. However, there hasn't been a renewed effort from bears. Pay attention to the price performance around 1230-1245 during the rebound pullback test. If it faces pressure and starts to fall back, it might be worth attempting to layout a short position with a small amount.
Resistance above: 122738/123406/124300/125000
Support below: 120580/119504/117840
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