After Powell's speech yesterday, the market stretched straight from 1125 to 1173. A strong bullish candle appeared, reversing the downward trend from 1124500. Currently, after a night of high-level fluctuations, the impact of news is weakening. Bullish momentum is also diminishing.
Looking at the hourly chart, the market is at the previous starting point of decline. It encountered resistance and fell back. At the same time, MACD bullish momentum is weakening, and bearish positions are gradually increasing, with moving averages also showing a death cross. Additionally, on a larger scale, whether on the daily or weekly chart, it still presents a top divergence pattern. The major bearish trend remains unchanged, and the rise triggered by news is unsustainable. The probability of a reversal has greatly increased. Therefore, the main strategy for the day is to short on rebounds.
Control in batches at 115800 and 116900
Look down at 115000-114500 and 112500