July 31st Intraday Analysis

The market has made a wide-ranging correction over the past week, fluctuating in a range of a few thousand points as expected, currently around the 118,300 position. The likelihood of continued weak oscillation within this range is high, please adjust flexibly according to market trends.

From a technical perspective, the overall wide oscillation shows that the MACD is below the zero line, with bearish momentum weakening but not completely disappearing; the daily MACD green bars are shortening, which may indicate a repair phase.

The RSI is at 52.67, close to the neutral zone, temporarily balanced; the daily RSI shows slight weakness, hovering around 50, with intraday activity primarily focusing on high and low fluctuations around this point. (Defense is crucial)

For rebounds near 119,300 to 119,270, consider shorting.

Target around 117,800 to 117,730.

For rebounds near 3,870 to 3,850, consider shorting.

Target around 3,785 to 3,760.