Good evening! Today is Thanksgiving, and the US stock market is closed. The market has been consolidating throughout the day, and finally, we are seeing a pullback in the evening. I had already reminded at noon that "those who do not hold positions should not chase highs," and I believe no one is going long against the trend at the top. This round of rebound has increased by over 6%, and currently, it has pulled back by more than 2%, with signs of a rebound appearing in the smaller time frames. The key positions to focus on tonight are: if we can hold above the key level, there is a possibility of continuing to rise; if the 1-hour level fails to recover the key position, we need to be cautious of a second pullback, at which point we can look to position ourselves at the support level.
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🌙 Night trend analysis on November 27
Good evening! Today is Thanksgiving, and the US stock market is closed. The market has been consolidating throughout the day, and finally, we are seeing a pullback in the evening. I had already reminded at noon that "those who do not hold positions should not chase highs," and I believe no one is going long against the trend at the top. This round of rebound has increased by over 6%, and currently, it has pulled back by more than 2%, with signs of a rebound appearing in the smaller time frames. The key positions to focus on tonight are: if we can hold above the key level, there is a possibility of continuing to rise; if the 1-hour level fails to recover the key position, we need to be cautious of a second pullback, at which point we can look to position ourselves at the support level.