7.28 Monday Evening Market:

After the daytime market fell back to around 118900, it continued to rise to around 119800 before falling back to the current oscillation around 118800.

During the daytime, the market continued to form a wedge pattern, rising from 3840 to around 3940 before falling back to oscillate around 3885.

From the current daily K structure, the market's momentum is currently negative, with the upper level focusing on around 121500 and the lower level on around 117800, and a secondary focus on around 114500. On the four-hour level, the market momentum touched the upper track and decreased in volume, forming three consecutive bearish candles, with the lower level focusing on around 117500, while the hourly level showed negative momentum, focusing on around 118400.

Monday Evening:

The market is expected to retrace to around 118400-117900, looking towards around 119500-120000.

The market is expected to retrace to around 3860-3840, looking towards around 3900-3920.

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