Christmas is not only about celebrating the holiday, but also about grasping the market movements!
The Large Cap surged significantly in the early morning, breaking all minor pressures, indicating a temporary farewell to the downtrend and the arrival of the rebound phase.
The next round of rebound will basically aim towards 100,000 and 3,600 again (Fibonacci 0.5 resistance in the wave).
After a strong rebound in the early morning, there won't be much space left for short positions today, and the intra-day pullback may be very slight.
Through the slight pullback in the early morning, it can basically be determined that there is short support at the positions of 97,500 and 3,450.
Therefore, for low-buy attention, the two aforementioned positions are the primary support entry points, and the defense level does not need to be too large, expected around 500 points and 50 points.
PS: If the upward momentum increases during the day, and the trend can quickly break through the above target points, it is possible to further advance towards Fibonacci 0.618 at 102,000 and 3,710, but the original target near 100,000 and 3,600 will definitely require gradual reductions and moving defense.