December 15 Morning Analysis

From a technical perspective, the daily chart has experienced two consecutive days of bearish candles and is now entering a sideways consolidation phase. Overall volatility has significantly narrowed, exhibiting typical weekend market characteristics—low trading volume and a lack of clear direction from both bulls and bears. Although prices have not further declined rapidly, the rebound strength remains weak, and upward space continues to be limited.

On the indicators, the KDJ has formed a death cross at high levels and continues to extend downward, clearly signaling short-term weakness and further reinforcing the bearish trend. Until there is a substantial reversal in the trend, any upward movement should be viewed as a technical rebound rather than a trend reversal signal.

Additionally, while the MACD red histograms still appear below the zero line, their continuous expansion indicates that bearish momentum has not yet weakened. During the rebound, the lack of effective volume support reflects weak bullish follow-through. Therefore, early morning trading recommendations remain mainly to enter short positions at high levels.

Operation suggestion: Short near 89500-90000 on the rebound, with targets at 88000-87000; if broken, continue to watch for a move down to 85000!