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The market has been frustrating these days, still within the same oscillation range without breaking out. But I think this situation won't last much longer—at most two trading days, and the direction will become clear.
Now, there's something to keep an eye on: the budget deadlock in Washington might be resolved in the next two or three days. When such news hits the market, it often marks a turning point. Don't rush to chase highs; we've seen too many cases where good news is followed by a sharp sell-off.
This morning, there was a quick surge, reaching around 1074 before pulling back, with a low of 1048. From a technical perspective, if the 1040-1045 zone can hold, consider adding light long positions, with the first target at 1055 and an aggressive target at 1075, but stop-loss must be tight. If the rebound reaches around 1055-1075, it could be a shorting opportunity, aiming for a return to 1040-1045. If broken, look for even lower levels.
For $ZEC, the 3500 level is critical. Holding it means there's still room for a rebound; losing it could be problematic. Consider setting up long positions near 3500 with a 20-point stop-loss, aiming for rebounds to 3560, 3610, and an aggressive target of 3700. Once the price reaches 3580-3650, switch to short positions with a stop-loss above 3690. If it breaks below 3500, look toward 3300-3400.
In summary, focus on range trading and avoid betting on the direction. Be patient and wait for key levels to react.