July 30th Analysis
Recently, there has been a fluctuation of over two thousand points, with both sides stuck in a high-level consolidation. The early morning market saw another attempt to push higher, repeatedly facing pressure at the 118,000 position, with resistance from above still quite strong. Please adjust flexibly according to market trends.
From a technical perspective, the overall wide-range oscillation is analyzed. The MACD histogram shortens after turning from green to red, indicating weakening momentum; the daily death cross state continues, with the RSI hovering around 50, showing no obvious overbought or oversold signals; the daily level has retreated from the overbought zone to a neutral level, with a weak trend. Given this context, maintain a high-low strategy for the day. (Defensive strategy is crucial)
Make a high position near the rebound of 119,300 - 118,600 line
Target looks at 117,800 - 117,300 line
Make a high position near the rebound of 3,875 - 3,850 line
Target looks at 3,765 - 3,730 line