The US stock market is coming, will it pump bearish traders or plummet?

The recent market has been somewhat chaotic due to a few words from Old Te. First, there was a plummet to the 1119 line, and then an extreme reversal with a strong pump to 1175. The bearish traders can be said to still be reeling from the blows.

Today, after the price was pumped up, it experienced a slight pullback, followed by a narrow range fluctuation. This kind of movement is a normal adjustment technique after significant volatility. From a technical structure perspective, the short-term rise seems strong, but it is not a reversal. The trend is still bearish at the daily level, and there are no signs of a turn in the Bollinger Bands. Looking at the short-term trend, the daily high points are moving down. Although there has been consecutive upward movement in the short term, it has not reclaimed the previous high points. Overall, it still leans towards bearish traders.

Looking at the 4-hour chart again, it has formed a W pattern, while facing pressure above. In the short term, there has been a series of consecutive downward movements. There will be a continuation in the next move. Looking at the short term, the moving averages are moving downwards, changing from strong to weak. The KDJ lines are consolidating and turning downwards, leaning towards bearish traders. Combined with the daily chart, there is not much space above under the pressure.

So if there is a big fluctuation at night, it will definitely be downwards, with the first target at 1130. If it breaks, then it will be 110,000, with the entry position around 1170. #PI#