Analysis for October 8

As expected yesterday, it dropped to around 114,200 after reaching 116,700, followed by a sharp rise, hitting a ceiling at 116,500, then exited the light position. In the early morning, it directly rose to around 117,600 again, reaching a high point. The market is unlikely to experience sharp rises or falls in a short time; it will simply oscillate within a small range. Please adjust flexibly according to market trends.

From a technical perspective, the overall trend is characterized by high-level oscillation. The Bollinger Bands are narrowing, the MACD is expanding upwards, but the histogram is starting to shorten, indicating weakening momentum. The daily candlestick has a long upper shadow, and the RSI has fallen back to around 68, suggesting possible adjustments in the short term. Light positions can be tested, but avoid blindly holding heavy positions, maintaining a high position during the day is key. (Defense is crucial)

For rebounds, position near 117,900 to 117,500

Target around 116,600 to 116,560

For rebounds near 3,930 to 3,900

Target around 3,840 to 3,810