3.8 Sunday Morning Outlook

Yesterday's analysis was already quite clear: weekend market movements are unlikely to be strongly directional, mostly ranging sideways. The plan was to short around 68,500, targeting the 67,000 area, and if it doesn't break, then switch to short-term long positions. The market has mostly followed this rhythm, with room for both longs and shorts to move back and forth.

Today's outlook is similar. The market over the weekend remains in a phase of consolidation and adjustment, with no clear trend. The key support level to watch is around 67,000.

If this support holds and doesn't break, consider attempting short-term longs near this level;
If it effectively breaks downward, then observe whether the downside space continues to open up.

Overall, the trend remains bearish, but avoid being too aggressive in your trades.

Suggested approach:
Try going long near 67,000 in the morning,
Target the 68,000–68,500 range,
If a rebound faces resistance, consider switching to short positions.

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