Intraday Market Analysis

Good afternoon, brothers. Over the weekend, there was less than a thousand-point fluctuation. A lot of meaningless talk was said, but there has been no fluctuation at all. However, overall, the bullish pattern is still intact. The support level below is in the range of 835-830. As long as the price retraces and does not break below these two levels, the bullish pattern remains valid. If it retraces to these two levels, one can enter long positions with a light position size and set a stop-loss, with the initial target resistance at 848. At this level, one can reduce position size or exit. Only a breakthrough of this resistance will allow the market to continue to push towards 860.875.

Currently, Auntie has a rebound trend on the four-hour level, with support at 1980 below and defense at 1930. As long as the four-hour closing does not fall below 1980, the bullish pattern is still in place. The target resistance above is near 2070; if it breaks, we can look for around 2150. If the four-hour closing today falls below 1980, the market will test the final defense support at 1930. Tomorrow, the daily line needs to break this position for the rebound to be considered over. If it can retrace down before the daily line change at eight o'clock tomorrow morning, one can attempt to take long positions. If the daily line change breaks, exit manually.