6.5 Evening Market Analysis
The evening market has started to become active, with the main contract rising by 1,000 points, and the secondary contract following with an increase of 40 points. A shift between bulls and bears is emerging in the short term, with the market leaning towards a bullish trend. Coupled with unemployment claims news, the evening market may continue to rise.
Currently, we should first observe whether the market can break through the short-term resistance levels of 106,500/2,650. It is expected to complete this within today or tomorrow. If it breaks and holds, then the bullish trend will continue; otherwise, sideways fluctuations will persist. The support at the bottom remains strong, and in the short term, we will see if the market can continue to increase volume to confirm the validity of the breakout.
The MACD on the hourly chart shows upward movement, and the RSI has adjusted above 55, indicating a short-term rise. The EMA7 has crossed above the EMA30, suggesting strong short-term bullish momentum.
Note that the fluctuation has not yet broken the bearish target. If it reaches the target without favorable conditions, we may consider withdrawing first. Short positions should wait until a high point before entering. If the evening market cannot break through, the market is likely to follow a pattern of rising first and then falling. Learn to be flexible and avoid futile efforts!
In the evening, Yumi will pull back, and it's advisable to step back a bit first.
Main Contract
105,300-105,500 bullish outlook towards 106,500-106,800
Secondary Contract
2,600-2,620 bullish outlook towards 2,650-2,680
