4.10 Big Pie Auntie Morning Thoughts
Last night’s news once again disrupted the market—The U.S. pushed Israel and Lebanon to discuss a ceasefire, igniting market sentiment instantly. The bulls took advantage and pushed the market higher, with a strong rally. Early trading directly hit the 73,000 mark, and liquidity above was swept away, fully releasing the short-term bullish sentiment.
On the daily chart, the range-bound oscillation pattern remains, with three consecutive long upper-shadow candles clearly indicating the signal—Heavy selling pressure above, funds continuously cashing out at high levels, each bullish attack being ruthlessly pushed back, with obvious lack of continuity.
Adding the Friday effect, funds are more cautious, and the market is more prone to sharp rises followed by pullbacks. Instead of blindly chasing longs, it’s better to patiently wait for opportunities at higher levels.
Personal suggestions
Big Pie: Enter around 72,300-73,000, with targets down at 71,000, and if broken, watch for 69,000!
Auntie: Enter around 2,200-2,230, with targets down at 2,150, and if broken, watch for 2,080!
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