Thursday, May 21

The market is highly likely to continue yesterday's rhythm today, with an overall structure leaning towards "gap down and recover, oscillating and strengthening." If NVDA can maintain its strength without a significant plunge, the tech sector will still be an important support for the index, and overall market sentiment will remain relatively stable.

The morning session is expected to see repeated tug-of-war around the 7400 level. After a pullback to confirm support and establish the intraday low, the bulls are expected to regain momentum. If market sentiment continues to improve in the afternoon, the index is likely to gradually shift its focus higher, showing an oscillating upward trend during the session, with capital still favoring the tech direction.

The expected volatility range today is close to yesterday's, with an overall amplitude of about 80-90 points. Although a slight pullback turning negative cannot be ruled out near the close, the daily candlestick is more inclined to form a solid bullish candle, indicating the market is still operating on the stronger side.

Key levels for SPX today:

Support:
7396
Strong Support:
7382

Resistance:
7471
Strong Resistance:
7483

In terms of trading strategy, the current approach remains primarily trend-following. If a pullback occurs during the session, focus on opportunities to buy on dips. Blindly chasing shorts is not recommended. As long as core tech stocks do not collectively weaken, the overall market still has expectations to continue moving higher.

The above analysis is for personal opinion only and does not constitute any investment advice.

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