September 2nd Big Pie Aunt's Morning Thoughts
From the daily chart perspective, the market continues to hover in the low range, with a sluggish trend and a lack of a truly long real-body candlestick to break the deadlock. The overall pattern is still constrained by the downward structure, creating a strong sense of oppression. The previous key resistance level of 107300 has completed a top-bottom conversion and has now turned into short-term support, becoming the key defense line in the current market. Moving forward, the gains and losses at this position will directly determine the direction of the bullish and bearish pattern.
On the four-hour chart, the trend continues to follow a step-like decline, and the bearish atmosphere has not been truly broken. Although the indicator patterns have not shown a clear divergence, the golden cross volume increase is more about the low-level consolidation consumption, which is not enough to ignite a counterattack. At the same time, the three-pin bottoming pattern is beginning to emerge, seemingly showing resistance, yet hiding the risk of breaking down again at any moment.
In terms of operational thinking, short-term traders need to closely watch the back-and-forth game between resistance and support zones, as swing opportunities are fleeting; while the medium to long-term pattern is still firmly dominated by bears, and the downward risk cannot be ignored, so do not blindly try to catch a falling knife.
Personal Suggestions
Big Pie: Enter at 1193-1197, target lower at 1080, if broken, watch for 1072-1050
Aunt: Enter at 4330-4360, target lower at 4220, if broken, watch for 4100
