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The intraday trend remains oscillating downward, with resistance near 70200. Currently, it has fallen back to around 69500. Our morning prediction perfectly hit the target, closing at 900➕35 points.
From the 1-hour chart, the candlesticks alternate between bullish and bearish, with resistance at the middle band of the Bollinger Bands. The MA5 and MA10 moving averages are forming a death cross.
From the 4-hour chart, the candlesticks are pressing against the upper Bollinger Band, and the MA moving averages have shifted from a golden cross to a death cross. The momentum bars are shrinking.
Tonight's forecast: watch for a range around 69700-70200, with a target near 68800-67800.
Tonight's forecast: watch for a range around 2040-2060, with a target near 1990-1960.
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