March 12th Midday Public Strategy

Bull and bear are in a narrow range between 69,260 and 70,079, fighting for survival. A volume breakout or breakdown is the true entry signal. It’s safer to wait and observe before the CPI tonight with a light position.
The neckline is at 69,260. Don’t expect a big rise if it doesn’t break above 70,079, and don’t expect a deep drop if it doesn’t fall below 69,260.

Operational suggestions:
◦ On the hourly chart, a volume breakout and stabilization above 70,079 is a buy signal on the right side
◦ Targets: 71,292 → 71,660
◦ On the hourly chart, a volume breakdown below 69,260 with a failed rebound is a sell signal on the right side
◦ Targets: 68,329 → 67,406
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