Yesterday's short at 884, the lowest point also came back to around 87000, overall market still leans towards weak consolidation.
Currently, looking at the daily chart, the market broke below the rising wedge and pulled back to the lower trendline of the wedge. This is a normal rebound move. It's expected that after the rebound, there will still be another drop. The overall rebound is still near structural resistance, with heavy selling pressure. Every time it hits this area, there's some pullback. The market needs a trigger to break down and start a bigger decline. There are many news events this week, making it the most likely time for the final drop to happen. Meanwhile, the short-term is still consolidating between 89-87. So for now, just keep controlling the rebound.
Control the 89000-89500 range.
Look down to 87500-87000, possibly 86350.
