The market has rebounded after hitting a low of 117,000 in the early morning, and is currently oscillating around 118,000. This is enough to prove that the support at the 117,000 level is strong.

From a technical perspective, the Bollinger Bands are trending downwards, but the 117,000 level is unlikely to be breached easily in the short term.

The KDJ indicator is too high upwards, indicating that a full counterattack has not yet formed. For our subsequent layout, we will continue to focus on low long positions.

117,000-117,500 is the range to watch, with an upward target of 119,000-120,000.