9.3 Morning Analysis
Big Pie: Consolidating around 111500-112000, target near 110000-109500
Second Pie: Consolidating around 4350-4440, target near 4280-4200
From the perspective of the big pie's trend, although the short-term range appears strong, the core resistance level has not been effectively breached. In particular, selling pressure continues to accumulate in the upper range, leading to insufficient willingness to chase, which results in a gradual decrease in short-term upward momentum. Observing the wave structure, the downtrend is currently in a consolidation phase, and attention should be paid to the strength of resistance at the 112000 level, as this position will be a key point for judging the direction of the short-term trend.
