8.18 Midday Pancake Strategy

On Saturday and Sunday, the market continued to oscillate within a small range of 800 points. Last night, the price peaked near 118500 before starting to decline. From the 15-minute K-line, it can be seen that the upper level tested the 119000 position twice—this price level is exactly the starting and ending point when the US stock market opened on Friday, but ultimately it could not break through. Currently, it appears that bearish momentum is gradually intensifying, while bullish momentum is weakening.

Suggestion: Range around 116130-116630, target: around 114130.