Weekend Day Market on July 20:
The market fell to around 117200 after dropping to about 118500 last night, then rebounded to around 118100, and is currently oscillating around 117800.
Last night, the market dropped to 3526 and then rebounded in a stepped manner to around 3626, currently oscillating near 3610.
From the daily K structure, the market is narrowing in volume, presenting a cross star candlestick yesterday, with support at the positions around 116800-115700-114000 below, and resistance at the positions around 118800-119800-121000 above. On the four-hour level, the volume is gradually decreasing as it crosses below the zero axis, with support around 117000 below and resistance around 118300 above. On the hourly level, the volume is increasing as it crosses above the middle track, showing an upper shadow candlestick. Watch for support around 117500 below.
Weekend Day:
The market rebounded around 118300-118800, looking towards 117300-116800.
The market retraced around 117300-116800, looking towards 118500-119000.
The market around 3620-3650, looking towards 3550-3520.
The market around 3560-3540, looking towards 3610-3640.
Overall, the market maintains range oscillation, and profits can be secured within the range.
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