Seeing this chart, especially with the price encountering resistance at 3239 and falling back, closing around 3130, I have a feeling that the momentum of this rally is somewhat lagging behind.
First, looking at the structure, the MA7 (3159) has already turned downward, and the price (3130) has closed below the MA7, which is a clear short-term signal of weakening. Although the price is still above the MA30 (3011), the overall trend has not been completely damaged, but the consecutive attempts to break the previous high show that there is heavy selling pressure above the 3200 area.
Next, looking at the volume, the volume was mediocre during the rebound, but in the past two days of correction, the trading volume has not significantly shrunk. This trend of "low volume when rising, high volume when falling" is often a characteristic of waning bullish strength. The recent strong support below is around the MA30 at 3011, and if it breaks below, the structure of this rally could be damaged.
My view is clear: I do not recommend chasing the highs here. The market needs a proper correction or at least sufficient consolidation at this position to wash out the weak hands before it can truly break through the previous highs. Next, we need to closely watch two positions: the resistance area above at 3180-3200 and the support area below at 3010-3030. Until the direction is clear, it's better to watch more and act less; preserving profits is key.
Eight years of experience tell me that corrections in a bull market are not bad, but rather opportunities. However, the premise is that you must have the patience to wait for the market to give the next clear signal. @俊哥说趋势
