Analysis of Morning Thoughts on December 15
From a technical perspective, after experiencing two consecutive days of bearish candlesticks, the daily chart has now entered a phase of sideways consolidation, with overall volatility significantly narrowing, exhibiting typical characteristics of a weekend market—light trading volume and a lack of willingness from both bulls and bears to choose a direction. Although prices have not fallen rapidly, the strength of the rebound is also weak, and upward movement continues to be constrained.
In terms of indicators, the KDJ has formed a death cross at a high level and continues to extend downward, clearly signaling a short-term weakening, further consolidating the bearish pattern. Before a substantial reversal in trend occurs, any rise should be regarded as a technical rebound rather than a signal of a market reversal.
Additionally, although the MACD histogram is still showing below the zero axis, its continuous expansion indicates that bearish momentum has not weakened. The lack of effective volume support during price rebounds reflects weakness in bullish follow-through; therefore, morning operations still suggest a focus on short positions.
Operational advice: Short near 89500-90000 on rebound, with a target down to 88000-87000; if it breaks, continue to look down to 85000!
