Last week, I kept advocating for a downward breakout and advised against going north. I wonder if you all took that in; it was only on the last day, Friday, that it finally broke down. It hit a low around 112000, exactly at the target point I provided. I'm not sure if you all managed to hold your positions. This morning, there was a wave of upward movement, but the thinking hasn't changed—it's still heading south. Pumping up is just giving us an opportunity.

In terms of technical analysis, the daily level has completely broken down. Although there is currently a slight upward adjustment, once the direction is formed, it is not easy to change. The MACD bearish volume is increasing, and it is expected to gradually test the 110,000 mark. For intraday trading, it may be a bit difficult to find an entry around the 8,000 level. The 5,000 level is also an important node, continuing to move down.
Pancake operation suggestion: 114800 southbound
Target: 110500#ETF实物申购赎回