The US will release unemployment data at 8:30 tonight, and core PCE data and the University of Michigan consumer confidence index will be released tomorrow night. These data are very critical to the current market. If the data is positive, it is expected to return to the 64,000 level in the next few days this week; on the contrary, if the data is not as expected, it may cause the market to stop falling around 58,000.
Although the recent ETF fund flow has begun to turn into inflows, it will take time for the market to regain confidence. The emergence of positive data, especially the formation of a large positive line, may have a significant impact on the recovery of market confidence and help the market reverse.
Yesterday, the market as a whole experienced a volatile downward trend, reaching a minimum of 60,700 points. Today, it is expected to see a rebound first. The key pressure levels above are 61,500 and 62,200, while the support level below is 60,200. In short-term operations, short orders are still the main focus, and long orders are supplemented. Due to the large intraday market fluctuations, it is recommended to pay attention to real-time dynamics to obtain detailed short-term strategies.
