midday thought analysis

On the four-hour chart, pay attention to the level of 4220. If it closes below, it means that the pullback will continue, and the next targets may be 4168 and 4080. I have been reminding everyone that the 4160 range cannot be broken. Once it is broken, the short-term bearish trend will strengthen, and the bears may continue to intensify.
Regarding the big pancake, on the four-hour chart, if the closing price falls below 115255, we will continue to look for a pullback, with potential targets at the levels of 114200 to 113300. Yesterday, the live broadcast for short positions also mentioned the level of 114000, and the strategy for tonight suggested long positions near 114600. If 114200 is broken today and does not close back above, we can pay attention to the levels of 113300 and 112000 below, and just wait to make a move.