Analysis of thoughts on the morning of November 17

The market has continued to show a weak and volatile pattern recently, with the fear index dropping to 15, indicating that market sentiment is approaching freezing point. The brief rebounds that occurred multiple times during the trading session quickly dissipated under the strong counterattack of the bears, and the confidence in going long has become very fragile. At this time, it is advisable to avoid emotional chasing of prices to prevent falling into a passive situation of being trapped as prices further decline.

From the short-term trend observation, a technical rebound may occur in the morning session, but the expected range is limited and it is difficult to change the overall downward pattern. After the rebound ends, the market is likely to continue the downward trend, and it is currently in a typical oscillating downward cycle.

It is recommended to short if it rebounds to around 95400-95900, with a target looking down to 94000-93000. If it breaks down, continue looking down to 9000!
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