Yesterday, the market leader broke through the narrow range of fluctuations first, with the index dropping 170 points, breaking the consecutive gains of ①⑦. Subsequently, the focus shifted to the market leader. Initially, I intended to wait for the weekly closing, but it directly returned to the low point of the daily chart overnight, prompting a decisive entry into the market. As long as the daily chart does not break below, a rebound is inevitable. This morning, the market leader continued to rise, testing the upper resistance level of 108900 without breaking through, and the market leader took a direct position, gaining over 1200 points. A strong start to the week. So, will the resistance hold and lead to another decline...
Overall, the trend remains strong. Although the resistance at 108900 is holding, looking at the weekly closing, after the close, the Bollinger Bands are still extending upwards, and the upper space has been released. At a larger scale, the market leader is dominant. The upper resistance is no longer a concern; as long as it breaks through again, there is still upward space. We are far from the peak, and a direct entry into the market should be considered upon a pullback.
Around 108100 to 107700 in the afternoon, watch around 110300.