In the early morning, the market rose to 93,200 with incremental volume, then fell back to around 90,900 before rebounding to around 92,700. In the morning, it maintained a range-bound movement between 92,000 and 92,700. On the daily chart, bullish volume is increasing but presents as bearish, with pressure causing a pullback from above. Watch for support near 90,000 below and resistance near 95,500 above. On the 4-hour chart, bearish volume has touched the middle band. The hourly chart shows a wedge-shaped pullback.
Friday during the day:
Market around 92,600-93,000 can be shorted, with a target around 91,500-91,000.
Market around 3,190-3,220 can be shorted, with a target around 3,130-3,100.
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In the early morning, the market rose to 93,200 with incremental volume, then fell back to around 90,900 before rebounding to around 92,700. In the morning, it maintained a range-bound movement between 92,000 and 92,700. On the daily chart, bullish volume is increasing but presents as bearish, with pressure causing a pullback from above. Watch for support near 90,000 below and resistance near 95,500 above. On the 4-hour chart, bearish volume has touched the middle band. The hourly chart shows a wedge-shaped pullback.
Friday during the day:
Market around 92,600-93,000 can be shorted, with a target around 91,500-91,000.
Market around 3,190-3,220 can be shorted, with a target around 3,130-3,100.