Yesterday we mentioned that the market makers have already given us direction. Although the market is currently declining, the larger cycle still maintains a bullish outlook. Therefore, we believe that the pullback is an opportunity to enter the market, as long as we manage our positions well. We also encouraged everyone to get in around 112,000.

From the MACD perspective, the energy bars continue to retract, and the fast line is turning upwards, which is favorable for the bulls. However, we need to pay attention to whether there is continuity; if not, the market may consolidate or even decline.

Looking at the CCI, it reached around -35 yesterday, constrained by the zero line, making the pullback a normal phenomenon. However, we expect it to quickly rise above the zero line.

From the OBV perspective, the OBV is performing well. During the recent decline, the slow line has not turned downwards, and persistence has finally paid off. Although the market has pulled back, the fast line has not fallen below the slow line, and the slow line continues to rise, indicating a good shape. From a larger cycle perspective, it has formed a double bottom pattern with the previous low, so we remain bullish.

Looking at the KDJ, it has just crossed 50. As long as there are no surprises, based on the KDJ trend, it should move towards 80, so we are bullish in the coming days.

From the MFI and RSI perspectives, both indicators are in the neutral zone, which means a trend can occur. Based on other indicators, the probability of an upward trend here is higher.

Looking at the moving averages, the current price is above 30, and several moving averages are trending upwards, so we are bullish here.

From the Bollinger Bands perspective, the upper and lower bands are flat, indicating a wide range of fluctuations. We need to see if the price can stay above the middle band; if it can, theoretically, it should move towards the upper band.

In summary: For the future market, we have high expectations for this wave, aiming first for around 118,000-120,000. The target for this week is to stay above 115,000, and today's target is not to fall below around 113,000. Support is seen at 113,000-112,000, and resistance is at 115,000-117,000.

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