Brothers, Happy Dragon Boat Festival!
The overall market performance last week was good, but the negative news on Friday night was like a basin of cold water, which made the big cake ether slightly sluggish, and the copycat suffered heavy losses. This week, we need to pay close attention to the strength of the rebound, which mainly depends on the data of the two major meetings on Wednesday and Thursday.
On Wednesday night, the CPI data will be announced. If it is lower than expected, the market may usher in good news, otherwise it may be hit again.
In the early hours of Thursday, the Federal Reserve will announce the interest rate decision and economic expectations, and Powell's speech will also attract much attention. Old Bao's speech often has a significant impact on the market, especially before the data is released, the market often shows fatigue.
Therefore, everyone needs to be vigilant. If the data is good, the market is expected to rebound.
For friends who want to increase their spot positions, it is recommended to either wait for the CPI data to be good before taking action, or to test with a light position now, and then gradually replenish positions after the market becomes clear.
If the expectation of interest rate cuts is postponed to around November, then in the next quarter, the market may show wide fluctuations at the weekly level.
During this period, those who are harmonious can buy on dips, and those who are fresh can build positions on dips to capture market opportunities.
[Important support and pressure this week]
Big cake weekly K-level pressure level: 71400 Support level: 66200, 63700
Ether weekly K-level pressure level: 3890 Support: 3500, 3270
