Market Outlook

Target of 71,800 achieved, next expectation
Last night, due to positive news of a ceasefire, the market rose above 71,800, meeting our bullish target. I called for long positions at 65,800 in the group, and suggested closing positions at 71,800.
In last night’s view, it was also mentioned that if 68,000 does not break below, then the target remains at 71,800. The news accelerated the price reaction.
My next expectation is that there may be a pullback, followed by a rally to the 74-75 range. Possible pullback levels are around 70,400 and 69,000.
After touching these levels without breaking below, continued upward movement is normal.
You can see that last night’s rally caused several FVGs to appear, which need to be filled. Before the war ends, the ongoing news fluctuations may cause repeated price movements, and filling the FVGs is reasonable.
I am increasingly bullish on the main trend toward the 78-81 range. Therefore, spot holdings can be kept steady while waiting for the 78-81 range to be reached.
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