7.16 Early Morning Pancake Analysis
Yesterday's target of 116000 below 120500 has been reached. The extreme market conditions today have a space of several thousand points both up and down, with overall fluctuations in the range. Currently, the market is in extreme panic.
Although our second target of 118000 to look down at 114000 has not been reached, the first target of 116000 has been achieved. There have been opportunities to take advantage of both long and short positions throughout the day. Personally, I suggest high short and low long operations during the early morning market.
It is recommended to short in the 118500–118000 range, targeting 114000, with a stop loss of 500 points.
Consider trying a light long position in the 115500–115000 range, targeting 118000, with a stop loss of 500 points.
