The weekly chart shows a double top forming for the pancake! Pullback alert has been triggered.

Only two days are left this week. Looking back at this round of the bull market, in the previous two instances when the market showed a weekly double top pattern accompanied by a spinning top, it triggered a decline of up to 33%. This historical trend deserves high vigilance.

The five-thousand-point waterfall decline that occurred in the market yesterday has clearly disrupted the originally steady upward trend. If the current weekly line ultimately closes with a bearish candlestick and forms a weekly double top pattern, then the risk of further pullback will significantly increase. This signal must be closely monitored and preparations must be made to respond accordingly.

From the MACD indicator, it currently shows a preliminary dead cross trend. Once this indicator officially forms a dead cross, it will technically solidify the establishment of the pullback trend, and the market's downward pressure will further increase.

My target range for building positions is clearly set between 98300 and 97700. This range is not only the ideal entry point identified through comprehensive analysis, but also the lower support level of the weekly upward trend line. If the market breaks below this range, it indicates that the key support of the upward trend has been broken, and the subsequent movement may face greater uncertainty, with potential risks that cannot be ignored.

However, it should be emphasized that, from a broader perspective, I still firmly hold a bullish view. The current bull market has not yet ended, and the short-term pullback is more of a phase adjustment within the trend, which will not change the long-term upward pattern. #美7月PPI年率高于预期#