In last week's market, the rapid rise and fall of prices changed very quickly. This is how the market works; prices change in an instant, and opportunities coexist with sharing. Last Friday, the 94000 level was continuously tested but not broken, and the hunters were also decisive in taking control. The mindset needs to change in a timely manner.
Currently, after the weekend's pause, the market has entered extreme adjustment, and a large-scale triangular fluctuation has already begun to operate. If next Monday tests the 96000 level without breaking, it is highly likely to trigger a rebound. Additionally, next Thursday is the last interest rate meeting of the year, which is likely to result in a rate cut, but the important thing is the outlook for the rate-cutting path in 2026—whether it will be aggressive or preventive. Therefore, given that the hourly chart shows a high-level death cross has formed, another wave of downward acceleration is reasonable, and there is a high probability of another dip before Monday evening. After reaching the 96-965 range, it is expected to break out of the triangular fluctuation in conjunction with news. Thus, combining the above thoughts, first control and then adjust accordingly.
Control at 90500-91000.
Look down to around 865-860 for a reversal.
