The overall trend of the pancake is in an upward channel. After reaching resistance at the 4H level, it has entered a corrective phase. The 4H level support at 103600 remains safe as long as it holds. If it rebounds, it will test the resistance at 106800. If it breaks down, pay attention to the important short-term support at 101200. The key short-term trend support is at 99200!

Data focus is on the early morning of the 19th from 3:00 to 3:30, with the Federal Reserve's interest rate decision and Powell's speech, and at 21:30 in the evening, unemployment claims data. Be cautious in trading contracts as there will be changes in the main chips before and after the data!