Last night, the Federal Reserve delivered a relatively neutral speech, further increasing market expectations for a potential rate cut in September.
Although the market did not rise significantly yesterday, it surged directly this morning, reaching a peak around 59500, and current market sentiment is bullish.
On the four-hour chart, a large bullish candle appeared, breaking through the previous high of 58500, and there have been ten consecutive bullish candles, indicating that bullish sentiment is nearing its limit.
Today's internal resistance levels are at 60300 and 61000, while support levels are at 57000 and 56400. It is recommended to consider a short strategy near the resistance levels.
It is suggested to short at 60000, targeting the 58500-57600 range. If 60500 is seen, consider adding to the short position, while setting a stop at 61000.