Last night, after successfully taking the 500-point position, the market decisively turned. During this period, there was back-and-forth tugging, with the market continually testing downward, but the momentum was lacking. Currently, it has established a position, gaining over 900 points. In the early morning, the market turned in line with the trend, so the same statement stands: when the trend changes, it must be followed. Do not just focus on one direction and hold onto wishful thinking, as it is meaningless and could lead to significant losses.

Recently, the market has been in a continuous tug-of-war. The market has failed to strongly break through strong resistance or support but has been constantly pulled back and forth. The Bollinger Bands below the 3-day mark are all in a contraction pattern, and the positions are near the upper band, indicating that there is no sustained upward momentum in the smaller time frames, thus there is a need for a pullback. The 4-hour MACD and KDJ are both showing dead crosses, and the daily MACD is also approaching a dead cross. The KDJ has already formed a dead cross, indicating that the weakness has continuity, but the tug-of-war between bulls and bears is repetitive, so it should still be treated with caution.

In the evening, the market is expected to be around 106900 to 107300, with a lookout for 105600 to 104700.