5.2 Initial Analysis of the Big Pancake in the Early Morning:
During the May Day holiday, the big pancake made a strong reversal, rising from the low of 92800 yesterday to 97400!
The bulls have already missed the opportunity; chasing high at this point is not a wise move. The current K-line is retreating near 97400, with a long upper shadow!
There is strong selling pressure at 97600-98000, decisively short south! First target is 95600, if broken, then look at 94200!
