Monday Afternoon Market Update on July 21:

In the morning, the market rose from around 116500 to near 118500. The market rose from around 3700 to around 3766 with fluctuations.

From the current four-hour perspective, the market has formed a bullish reversal with a double bottom on reduced volume, with attention on the upper level near 119800. From the one-hour perspective, the market is rising with increased volume, with attention on the lower level near 118100 and the upper level near 119000.

Afternoon:

Look for a pullback to around 118200-117700, targeting around 119200-119700.

Look for a pullback to around 3740-3720, targeting around 3785-3805.

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