The pullback was too strong, causing the structure to fail. Good morning, everyone. The neckline around 91,000 was directly broken through yesterday. Even with the release of the core PCE, there was no boost. Although the short-term rebound trend is maintained, according to the 1-2-3 rule, it is considered a failure. Pay attention to the recovery situation on Sunday; rebounds can still be shorted.
Short around 89,500, add to shorts around 90,000-90,500, target 88,100. If the momentum is strong, target 87,000. Short around 3,050, add to shorts around 3,070-3,080, target 2,980. If the momentum is strong, target 2,850.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The pullback was too strong, causing the structure to fail. Good morning, everyone. The neckline around 91,000 was directly broken through yesterday. Even with the release of the core PCE, there was no boost. Although the short-term rebound trend is maintained, according to the 1-2-3 rule, it is considered a failure. Pay attention to the recovery situation on Sunday; rebounds can still be shorted.
Short around 89,500, add to shorts around 90,000-90,500, target 88,100. If the momentum is strong, target 87,000.
Short around 3,050, add to shorts around 3,070-3,080, target 2,980. If the momentum is strong, target 2,850.