The recent market has been quite volatile, with rises one day and falls the next. The performance of the US stock market is also relatively weak. This week has indicated a short position near 82000, which has all been fulfilled.
Currently, there is significant tug-of-war between long and short positions on the four-hour chart, and the risk has also relatively increased. However, this does not change my overall bearish outlook. I expect to see the 5xxxx range in May. In short-term trading, it is essential to avoid chasing orders and to trade based on resistance and support levels. The resistance above is at 83700 and 84200, while the support below is at 80000 and 79300. Maintain a bearish outlook, and pay close attention to the evening data CPI. Since Monday, we have entered daylight saving time, which is one hour ahead compared to before.
Short at 82500, add to the position at 83000, with a stop loss at 83600 and a target of 80000-79300.