Morning market analysis on October 16

Over the weekend evening, the bulls began to stir up a stir. After the turning point, they gradually gained strength, rising from around 26,800 to the 27,275 line at 6 a.m., and then fell back under pressure. Currently, the price is hovering above 27,100. It surged higher and fell back in the early morning, but the bulls have no continuation. The weekly line still closes the negative column, and the overall structure is still weak and volatile.

Judging from the daily line, there are signs of contraction of Brin's mouth upwards, and the price ratio is running below the middle track. After five consecutive declines last week, the small positive column closed at the weekend, and the decline has eased. KDJ three lines are bonded, MA5-MA10 still maintains a dead cross, MACD double lines are dead cross downward, and the short energy column is increasing. The overall idea on Monday The high altitude is the main one and the low long position is the supplement. The 4-hour line has gone out of 4 consecutive positives. Although the pin was inserted upward in the early morning, it immediately fell back under pressure. In the short term, the linear indicators are biased toward bullish sentiment. Pay attention to the continuity of the bulls in the morning. If it rebounds to a certain extent, it will be short.

Suggestions for morning pancake operation:

27200-27300 short, target around 26800.

The market trend changes rapidly, and you can grasp the space according to the trend!