8.11 Afternoon Silk Road
Reviewing the morning flight situation from 118000 to 122200, currently pulling back to around 121700, the trend is becoming stable. It was emphasized this morning that if it breaks through 120000, it can be taken advantage of.
From an hourly perspective, the Bollinger Bands are rapidly expanding, with the upper and middle bands moving upwards, creating an overbought phenomenon. The momentum is currently very strong, having moved away from the upper band, and is still primarily based on lower momentum, with major support levels at 121000 and 120000 below.
The big pancake is returning to around 121000-120500, looking towards 122200-123000 for further upward movement.
The second pancake is returning to around 4240-4280, looking towards 4350-4400.
