Good morning, brothers. Last night, two big data, PCE and consumer confidence index, were released.
The two values were slightly lower than expected, which is a small positive.
But the big cake can't rise. It fell after the upward spike.
It fell to 57,700 at the lowest, and rebounded to above 59,000 this morning.
Tens of thousands of big cakes in Mentougou are waiting on it.
As long as it is pulled up, it will be thrown down at the opportunity, and the market funds can't take it.
In addition, the Gaza peace talks are heading for a breakdown.
It is expected to fluctuate over the weekend. If it breaks through 60,000, don't chase it high.
Now there is no big reason for the big cake to rise.
If the remaining 40,000 big cakes in Mentougou continue to be processed,
Under the stimulation of the selling pressure in Mentougou, it may fall to $55,000.
But if these 40,000 have not moved, there is no need to worry too much.
At the beginning of the month, we said that the selling pressure and volatility of the big cake would continue until October. Now it seems to be about the same.
It is difficult to trade in this market, so you can trade in waves.
The big trend has not yet arrived, so don't chase highs or cut losses.
It fell just after chasing highs, and it went up just after cutting losses.
Possible future trend deduction:
The big pie continued to fluctuate, jumping up and down for more than half a month,
We
announced a rate cut in September, then rushed up and stabilized and continued to fluctuate.
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