Good morning. It’s currently around 2365. Judging from the hourly chart, it has already dropped quite sharply—almost tracking along the lower Bollinger Band. All indicators show short-term oversold conditions. The stochastic oscillator’s J line and the Relative Strength Index are both at low levels, indicating that bearish momentum is nearly exhausted and a rebound could happen at any time. Although the short-term moving averages are still capping from above, the 120-period moving average below is strong support, basically limiting the room for further large declines. Overall, there’s strong rebound demand at this level, making it suitable to look for a pullback higher.