5.11 Weekend Analysis

It’s that time again for the weekend. The surge of the market has slowed down, with yesterday's consolidation at 10w35. This morning, it surged straight up to 10w48, and I have entered a light position nearby. There are no US stocks this weekend, which is relatively calm. Pay attention to 10w5; if it breaks through, it can continue to rise, and if it does not break through, we can look for a pullback. Please adjust flexibly according to market trends (emphasizing the need for defense again).

From a technical perspective, we are in an overall consolidation phase. The 4-hour MACD is at a high level but has formed a death cross, indicating a weakening upward momentum. The current RSI14 value is 74.34, which is in the overbought range, showing a possibility of a pullback in the short term. Considering the weekend fluctuations, short positions are feasible, and high positions can wait for a dip.

Positioning near 10.w52-10w48

Near the line of 10.4w—10.35.

Look for a dip near 2600—2570.

Targeting near the line of 2510—2500.