Friday Morning Thoughts on August 15

In the current market, prices have rebounded slightly but with weak momentum, and have not sustained an upward trend, remaining in a downward fluctuation, currently consolidating around 118500 points.

In the future market, key focus is on the resistance at 119000 - 120000 points, which represents the lower boundary of previous fluctuations and the critical dividing line between bulls and bears. If the rebound does not break this level, it is highly likely to continue the weak fluctuation; only if it effectively stands above 120000 points can the weakness be broken, and bullish sentiment can return.

Action: Short near 119000 for the main contract in the morning, looking at the 117000 - 116500 area.