Today is May 18th, Sunday, which is a weekend. The market has a relatively rebellious rhythm. Although the market pace is slow today, our group members still managed to catch a wave of longs.

Here, I inform the members to place a long order around 103,300.

This wave is currently in a profitable state. From the perspective of the overall long cycle, there is no doubt that we are in a high-level consolidation market. The fluctuations in this range, viewed from the weekly chart, suggest that tomorrow's weekly close will likely push higher.

The daily chart, including the 12-hour and 6-hour charts, indicates that we are currently in a consolidation adjustment cycle, which is a process that needs to repair indicators. So overall, it is a consolidation but with opportunities for upward movement.

The upper targets are the first position at 104,400 and the second position at 105,000. These are the two upper resistance levels, 104,400 and 105,000.

Just after our big class ended at 4 PM, I also told the members that after the 4 PM close, we are basically looking for a rebound. Therefore, the resistance level at 2,530 is just a few dollars away.

There is also a position at 2,550 above, so currently, from the overall trend, there is an opportunity for a low pullback. The low pullback is at 2,590, so overall, there is still an upward expectation, even though the long cycle is in consolidation. Thus, in a consolidation market, it can either go up or down.

Since we have already reached a low position, the market is moving upwards. So if the direction of these levels does not look good, you can follow the public account: KK Strategy.

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