The current market feels like it has reached a bottleneck, not fluctuating as much as before with a few thousand points back and forth except for this strong upward movement. It is oscillating around a high position every day, moving back and forth from 110500 to now 107300, totaling only 3000 points of space and all within a normal retracement. Today, as 107300 holds again, a clear rebound and upward movement has occurred, indicating that the support level below is also strengthening. Only by breaking the 107000 level will there be an acceleration. However, continuous retracement without breaking may lead to another reversal towards a higher peak. Initially, if 109500 does not break and holds steady, it will continue to retrace. The focus today remains on the rebound idea.
109000-109500 fluctuates around a hundred points up and down, looking at a space of 1000-3000 points below.
