8.16 Saturday Morning Thoughts

The weekend is here, wishing everyone a happy weekend. The overnight market has been relatively stable, with not much volatility. After yesterday's decline, it has continued to fluctuate within a narrow range at low levels. From the current trend, the rebound momentum is gradually weakening, and the short-term resistance level has become 118000. Given that weekend trading is mainly about adjustments, I do not anticipate a one-sided trend in operations; instead, it is advisable to sell high and buy low around the range points.

For intraday reference, focus on short positions at the upper end and long positions at the lower end of the 118000-116500 range. If the market breaks through this range later, further actions can be considered.