Yesterday in the US stock market, SanDisk (SNDK) continued its upward trend, reaching a peak of $1667 during the session and finally closing at $1641, with an increase of over 7%. However, as the stock price approaches the short-term pressure zone at $1767, market divergence has intensified.
Meanwhile, the geopolitical situation in the Strait of Hormuz has heated up again, becoming the focus of global capital markets.
Geopolitical Risks Heat Up, Oil Prices Disturb Inflation Expectations
In the news, Trump recently publicly stated that he would soon declare the Strait of Hormuz as US territory "after defeating Iran," and emphasized that severe economic sanctions would be imposed on Iran. This hardline statement from the US has raised concerns about escalating tensions between the US and Iran.
The Strait of Hormuz accounts for approximately 20% of global oil transportation, making its strategic position crucial. The market is generally concerned that if transportation through this route is disrupted, international oil prices may surge. Furthermore, the volatility of oil prices is also influencing the market's reassessment of inflation and the Federal Reserve's monetary policy trajectory.
However, there is no consensus in the market regarding the Federal Reserve's subsequent actions. Goldman Sachs' strategy team recently believes that the Federal Reserve "will remain on hold throughout 2026," based on the core logic that while inflation is disturbed by factors such as oil prices, signs of it spreading to a broader range are limited, and there are no signs of overheating in the labor market. Currently, the market’s pricing for a rate hike in September remains around 50%, with ongoing divergence.
Technical Aspects: SanDisk Approaches Key Pressure Zone
From a technical perspective, the 4-hour chart of SanDisk shows that after effectively breaking through the previous high of $1448, the stock has entered a second phase of upward momentum. The current dual pressure mainly comes from two aspects: one is the static pressure level formed by the high of July 24; the other is the dynamic pressure line formed since the uptrend began on July 30.
It is noteworthy that since the rebound from the low of $1192, the stock has not exhibited any significant wave-level adjustment. From a timing perspective, short-term profit accumulation has been relatively thorough, suggesting a certain demand for market consolidation. However, from a broader trend structure, the overall upward pattern has not undergone substantial change.
Strategy Ideas Under Two Scenarios
In light of the current market environment, investors with different trading styles may consider the following ideas:
For trend followers, the focus should be on potential opportunities after a pullback. The area around $1446 is an important technical observation level. If the market fails to pull back to this zone, one should wait for directional selection signals after a sufficient turnover at high levels.
For short-term traders, it is advisable to pay attention to changes in the hourly chart. If the stock price effectively breaks below the key support area near $1634, it may trigger a short-term technical adjustment. In this scenario, the observable range can be considered around $1570 to $1518, and corresponding risk control lines should be set.
For more details and specific operations, see you tonight in the live broadcast room, where we will analyze the market on-site and view the K-line in real time to discuss the logic.
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The above analysis is for market communication only and does not constitute any investment advice. The cryptocurrency market is highly volatile, participants need to control risks and make rational decisions.
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