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Market trend forecast!!!!
1. As previously analyzed and repeatedly emphasized, when the index hit a new high of 4190, I told you to remember to run. After the index reached a new high of 4197, it plummeted over 400 points. Then, on the 23rd, around 3800 points, I advised everyone to buy the dip successfully. That day, I also told you that the rebound space was about 150 points, with the first target being to fill the Monday gap. After two days of rebound, as of today, the index has rebounded by 130 points as expected, and the gap is about to be filled. [Taogu Ba]
2. But now I want to remind you again of the risks. You must strictly follow the analysis tips. This is only a rebound, not a reversal. The first rebound target has been achieved. The index will have a secondary bottom later. After the second leg lands, it will rise again and continue to rebound. This wave four rebound will last about 20 days. Afterwards, there will be a wave five decline to new lows. That will be the end of the correction, and it might be time to consider a reversal.