7.27 Yitai early-session market view

The overall market is synchronously making a modest repair and rebound. The market is waiting for this week’s interest-rate news to land. Trading activity in the market is tightening, and the rebound’s volume lacks follow-through, so the strength of the short-term rebound is limited. Overall, the market remains in a range-trading shakeout pattern.

Short-term pressure is at 1,890-1,900, with 1,956 as the stage’s strong resistance. Core supports below are 1,850 and 1,830. After consecutive pullbacks, low-level absorption has appeared. As long as the price has not effectively broken below support, the consolidation structure remains intact.

Morning reference ranges:
1. For the rebound 1,890-1,900, hold above 1,920, with targets at 1,850 and 1,830;
2. For the pullback 1,830-1,850, hold below 1,810, with targets around 1,880.
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