Pancake Lunchtime Analysis:
Looking back at what was said yesterday, with the support moving down over time, the pancake has basically filled the gap at 115300.
Pancake
Once the gap is filled, there will be a short-term corrective market. The range of 115000—115300 can be used as a new support entry point, which is also the previous support point during the consolidation;
If there is a pullback, first pay attention to the previous low of 114950. If it breaks below, then look down to the support levels of 113900, 112750, and 111860.
From the previous trend, the pancake has dropped from a high of 124500 to the previous low of 114950, a total drop of 9400 points, which aligns with the pattern of pulling back after breaking through historical highs. Moreover, as long as there are no major changes in the market's interest rate cut expectations, the current decline shouldn't be too alarming. Keep an eye on the support levels to see if there are signs of stabilization.
