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The market declined on Monday to reach the lower band of the ascending channel at 102000 and then rose continuously again, extending the weekly rise from April. When it reached the upper band of the ascending channel near 112000, it declined again. Based on the trend from yesterday to this morning, there will be a short-term rebound. A short-term breakthrough above 108500 will only see a rebound reaching the range of 109200-109800 during the day. Upon reaching the pressure zone, we can take the opposite position. However, pay attention to the short-term pressure at 108500, which has not been broken through for a long time. The market will need to descend to the lower band at around 105000 to set up for a rebound.
The market declined to the lower band of the ascending channel at 102000 on Monday, then rose consecutively, continuing this wave of weekly rise in April. When it reached the upper band of the ascending channel around 112000, it declined again. From the trend from yesterday to this morning, a short-term rebound is likely. If it breaks through 108500 in the short term, it will rebound to the range of 109200-109800 during the day. Once reaching the pressure zone, one can take the opposite position to short, but pay attention to the short-term pressure at 108500, which has not been broken through for a while. The market must decline to the lower band at around 105000 to set up for a rebound.