12.29 Morning Analysis

Based on the 1-hour K-line technical analysis, after the previous dip to the 87400 low point, a double bottom pattern was formed. The rebound was characterized by continuous large bullish candles, indicating strong buying momentum. The downward kinetic energy has been nearly exhausted. The moving average system has synchronized to strengthen, with MA7 turning upward from a downtrend, and the price is steadily above MA30. The short-term moving average golden cross is highly anticipated, indicating an initial bullish trend.

Meanwhile, during the rebound, a strong bullish candle broke through the previous consolidation platform. Subsequent pullbacks showed a significant narrowing of the bearish candle bodies, with high willingness for funds to enter the market, and selling pressure has notably weakened. The previous resistance zone of 87700-87800 has successfully transformed into effective support. After the index retested this zone, it quickly rebounded, laying the foundation for subsequent attempts to break the 88000 level and previous highs. The upward space is fully open.

Trading suggestion: Enter long positions in the 86500-87000 range, targeting 88700-89300.