11.24 Monday Morning Market Analysis:

Over the weekend, the market continued to rebound and rose to around 88,100 before falling back to around 86,800 and consolidating. It moved up to around 2,855 before pulling back to around 2,800 and fluctuating.

From the current daily chart structure, the daily chart shows a shrinking bullish volume with an upper shadow on the bullish candle. On the 4-hour chart, the bulls are losing momentum and falling back near the upper band. Pay attention to the 88,100 level above and the 85,300 level below. On the hourly chart, the bullish volume is shrinking, forming a bearish candle and hitting the middle band. Watch the 85,600 level below. In the short term, watch the 87,500 level above.

Monday Morning Trading Strategy:

If the market rebounds to around 87,200-87,500, consider shorting and targeting the 86,800-86,500 range.

If the market rebounds to around 2,820-2,850, consider shorting and targeting the 2,760-2,740 range.