The pancake futures have repeatedly surged, especially the midday futures have broken the high point again to reach the 3675 level. Overall, the bullish trend is quite strong. However, I have repeatedly emphasized that chasing after such extreme new highs is not advisable. Although it can yield decent returns, it either leads to waiting for opportunities to enter the market or causes anxiety after some pullbacks. Last night, we set up strategies for 119300 to 119800 and 3430 to 3450 for the futures. In the evening, the futures repeatedly dipped to 118000 and the 3360 to 3370 level. Didn't we know to exit with a 60 to 70 point space?
Although there have been fewer entries in the past few days, I have emphasized entering shorts based on high points after breaking new highs to look for a wave of pullback and decline. To be honest, this is a relatively stable operation. After all, the short-term futures have surged significantly, and chasing after highs easily leads to being trapped at the peak. Each time after breaking a high point, relying on that high point to look for pullbacks not only provides decent overall space but is also relatively stable. I don't know what those critics are complaining about. Currently, the futures remain high, and the pancake futures have also started to retreat. We continue to watch for resistance at the 120000 level above and support at the 116000 level below, while focusing on high points and support at the 3450 level below.
Evening operation suggestions for pancake futures around 119000 to 119500, target near 117500; for the futures around 3620 to 3640, target near 3540, and if it breaks, we can continue to look lower.