The market continues to be compressed, and a change in trend is expected next week.

The market has transitioned from a wide range to a narrow range, and in the past two days, it has continued to narrow. Currently, there is not much room for fluctuation up or down, so a change in trend is expected next week.

From the MACD perspective, with the rise over the past three days, the energy bars have shown a slight recovery, but the extent is not significant, as the market is compressing, so the lack of volume is understandable.

From the CCI perspective, the rise in the past few days has led to a certain recovery in the CCI, but there is still some distance from the zero line. As long as it hasn't returned to the zero line, the bearish outlook should be maintained.

From the OBV perspective, the OBV recovery is not obvious, and the slow line continues to press down. There is still no visible bullish volume here, so the bearish outlook should continue.

From the KDJ perspective, with the rise over the past three days, the KDJ shows a tendency to turn upward, but the extent is not large, which can be seen as a consolidation. The KDJ is also waiting for the market to make a choice.

From the MFI and RSI perspectives, both indicators are in the neutral zone, and the directions are inconsistent, so this can be seen as a fluctuation. For the directions to align, the market needs to develop in one direction for several consecutive days.

From the moving average perspective, with the rise over the past few days, the price has broken above the BBI, but whether it can hold is another matter. The price is near the BBI, so we can consider it as a fluctuation. Although the 30-day moving average continues to press down, the 120-day moving average has not started to decline, so the moving averages are also waiting for a direction to emerge.

From the Bollinger Bands perspective, today the Bollinger Bands continue to narrow, which aligns with the logic of a narrow range. The next step is to reach a critical point and then break out in one direction with increased volume. When everyone sees this pattern, they should be bold enough to enter the market.

In summary: The market continues to narrow, consistent with the logic of a narrow range. Since there is not much compression space left, a change in trend is expected next week. The target for the bears this week remains to break below 109,000, with today's resistance seen at 112,000-114,000 and support at 110,000-109,000.

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