The large pancake has seen a pullback from the high point of 106800, currently fluctuating around 104700. Overall, it shows a low-level consolidation trend after the pullback.

In the short term, although the red three soldiers pattern, MACD red bars, and indicators like KDJ indicate that there is short-term market rebound momentum, the overall rebound strength is relatively weak, and the J line is overbought, with MACD below the zero line, and the market is still under the resistance level of 106800 above.

Therefore, today we still focus on the rebound range of 105800 — 106600 for layout, while paying attention to the levels of 104100 — 103600 and 101300 below!