The big cake box is oscillating, and the watershed of the second cake is coming! Breakthrough or inducement? Blind pursuit of more = high-level takeover?
From the perspective of the daily level, the big cake is still in a box position of 120,000-116,000. It is currently a high-level oscillation market. The big cake needs to focus on two points. Above 120,000:
This is the current main pressure point. Only when the big cake breaks through and stabilizes at the daily level can it open up further room for growth;
Below 116,000: Once it falls below and the closing confirms the break, it is likely to open a downward channel.
It has been said before that there is no strong support below the big cake. As long as the downward channel is opened, the space below is very large.
For friends who do intraday short-term operations, it is currently a relatively stable operation strategy to conduct interval operations around these two points.
The second cake performed very strongly over the weekend, rising all the way from around 3,600 to a maximum of 3,940, once again setting a new high this year, continuing the previous breakthrough market.
On the upper side of the second cake, pay attention to the pressure of the 4000-4100 range, which is the key resistance level in the short term; the support below focuses on 3800. The key point to pay attention to is today's daily closing. If today's closing continues to fall below 3800, there may be a short-term correction in the next 1-2 days.
If it stands firmly at 3800, it is very likely to hit the 4000-4100 position, so the 3800 position is a watershed.
