Friday

Yesterday, I indicated to go short in the 69,500–69,000 region. The lowest point yesterday was 69,150, and it has now risen above 71,500—earning a comfortable 2,000-point profit!

The intraday approach remains unchanged from yesterday. Currently, we are at the higher end of the correction channel, so I do not recommend going long here. In a sideways market, it’s better to focus on short positions around resistance levels. Near the high resistance zone, it’s advisable to mainly short.

Today, initially monitor the 72,500–72,000 area for a short entry. Since the current position likely indicates a wave opportunity, enter with a small position first and leave room to add if the opportunity develops.