0919 Afternoon Thoughts: The first wave of interest rate cuts was 50 bp, two consecutive interest rate cuts. The subsequent hot money inflow will be a mild and long-term process, and the remaining one is the hot spot of the Trump election.

The depth of the correction from the beginning of June to now is enough. A large head and shoulders bottom has been formed in three months. Although the large shock downward pattern has not changed, this time it is a relatively high probability of medium- and long-term highs.

Focus on 62737 65175 above, the main idea is low and long! Maintain the morning retracement long order unchanged

61000-61400 long, target 62800-63200

2340-2360 long target 2390-2430

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