5.30 Large Pancake Afternoon Analysis
This morning, the large pancake briefly broke the hourly support level of 105000, ↓ after which it clearly showed weakness in the rebound. Currently, the 106500-107000 area has formed short-term resistance. Day trading focuses on high trading:
Large Pancake: Trading in the 106500-107500 range, target position: initially looking at 105000-104000, if it breaks further down to 103800-103000.
Second Pancake: Trading in the 2660-2690 range, target position 2580-2530.
