Yesterday, the highest market reached around 89,100, which is the previous support-resistance exchange level, overlapping Fibonacci. It has not stabilized effectively. However, the pullback strength is also very limited. According to the daily chart, since the decline, the MACD has re-converged, and the volume control is weakening, the rebound continues. But it is not a reversal. The overall rebound shows a disordered oscillation upwards, and has not formed a driving wave. In the short term, touching strong resistance nearby is likely to lead to another pullback. Seeking support below. Overall, it leans towards oscillation without a clear trend emerging.
88500-89000 control
Looking down to 868-865 or 855 for the first reversal signal.
