Analysis on June 23

I thought the weekend would be very calm, but Trump stirred things up again (with smoke ↓). The major index fell from around 103,300 down to around 98,000, and has returned to around 100,000 early this morning. Key levels to watch are 100,000 and 101,500, and due to the large fluctuations, it is advised to trade with light positions. Please adjust flexibly according to market trends; may there be no smoke in the world.

From a technical perspective, the overall correction is oscillating. The MACD histogram continues to be below the zero axis, and both DIF and DEA are negative. The RSI value is 38.5, close to the oversold range. It may rise in the short term, but there is heavy resistance above; be cautious of continuing downward risks. Given this situation, today's focus is mainly on high positions. (Defense is crucial)

For a rebound, target around 101,600 to 101,000.

Look for a target around 100,200 to 99,600.

For a rebound, target around 2,270 to 2,250.

Look for a target around 2,200 to 2,180.