Evening Thoughts on March 16th:
The large pancake is on a downward trend near 84400 at noon, currently operating at the 83800 level. The 1-hour structure is predominantly showing a bearish trend. The fluctuations over the weekend did not provide any trading opportunities, but this is consistent with typical weekend behavior. The 4-hour chart shows three consecutive bearish candles. Evening suggestions:
Large pancake rebound: around 84100-84400
Target: around 83300-82500
Second pancake rebound: around 1930-1950
Target: around 1880-1850
The Shanxi Provincial Emergency Management Department has released the "2024 Investigation Report on the Major Road Traffic Accident at the Xijiata Tunnel of the Hubei-North Expressway in Xiangning Section on March 19th." The report indicates that the major road traffic accident at the Xijiata Tunnel of the Hubei-North Expressway in Xiangning Section on March 19th was caused by the driver being in a fatigued state at the time of the incident, speeding after entering the tunnel, and failing to turn on the vehicle's headlights as required. The incident was a production safety responsibility accident caused by the negligence of the involved enterprise and relevant regulatory units. On March 19, 2024, at 14:37, a major road traffic accident occurred in the Xijiata Tunnel of the Hubei-North Expressway in Xiangning Section, resulting in 14 deaths and 37 injuries, with direct economic losses estimated at approximately 15.89 million yuan. After the incident, the Shanxi Provincial Government established an accident investigation team, and the State Council Safety Committee has implemented oversight on the investigation and handling of this accident. (CCTV News)
