Friday: Evening market adjustment continues, short-term pause in chasing longs

It's long, not short; if it's short, look for movement. Fluctuating upwards with pullbacks and adjustments is quite normal, but don't mistake consolidation for a trend reversal; otherwise, you'll be caught off guard when the next surge happens.

Intraday market has been in a slow adjusting fluctuation trend, and the strong bulls' push towards 112000 has a certain pressure effect. The rhythm has entered an adjustment phase, and we helplessly suggested taking profits on long positions during the morning pullback.

From a technical perspective, in the small cycle pattern, prices are under pressure at high levels, and with no volume release, a certain box-like consolidation has formed. Moving averages are also curving downward, but there hasn't been a significant pullback in space. Currently, the focus is mainly on corrections after the upward surge.

In the short term, the running channel has formed a flat state, with prices rising without a drop, creating a high-level consolidation state. Short positions are adding volume to continue the downward fluctuation. In terms of overall direction, we are bullish but should not chase longs lightly; wait for a pullback and correction before proceeding.

For the evening strategy, we will focus on the fluctuation pattern, starting with high shorts:

In terms of operation, I personally suggest shorting in the 111300-111600 area, watching for 110500-110000.