After touching 2718 at the opening of the early session yesterday, the Asian session maintained an upward trend throughout. During the European session, it rebounded to near Monday's U.S. session high of 2439. From the European session onwards, it oscillated repeatedly within the 2740-2730 range. After the U.S. session opened, it briefly maintained the European session's oscillation pattern, showing slow declines followed by rapid surges, creating a false impression of strong bullish momentum. Poorly timed long positions could be frustrating. Approaching the 12-hour closing period, the market briefly stabilized above 2744, showing another sign of strong bullishness, but ultimately closed at 2736, clearly disappointing those who chased the rally. Unexpectedly, during the late-night session, the market surged from 2736 to a high of 2748.

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Currently, the early session is briefly holding at a high level but is now undergoing a weak adjustment. The support below lies in the 2737-2735 range. If this area is breached, it may further test 2720-2710. On the upside, the key resistance at 2753 is worth watching. Once broken, all short positions become meaningless, and one should follow the trend to chase long positions targeting the 2760-2780 range. Operationally, Xu Gucheng suggests trying short positions in the 2748/50 range, with a stop-loss at 2755, targeting 2736, and further down to 2720 if broken. If 2734 holds, consider going long with a stop-loss at 2729, targeting 2746/50.