5.23 Afternoon Thoughts
The large pancake maintained a high level of volatility after yesterday's surge, failing to form an effective one-sided trend. Effective resistance was formed at the 112,000 level, and multiple attempts to test this level were unsuccessful, requiring caution against the risk of a pullback after reaching a high. The strategy remains to buy on dips.
Suggestions
Large pancake: around 110,500 to enter, target 111,900
