The following is a detailed analysis of the Fed's interest rate decision and the specific trend of the price comparison:

First, at 2 a.m., the federal funds rate was lowered by 50 basis points to 4.75%-5.00%, the first rate cut since March 2020

Fed Chairman Powell said at a press conference that he did not see any signs of a recession or even an economic collapse. He said: "I don't see any signs that the possibility of a recession or collapse has increased. You see that the economic growth rate is solid, inflation is falling, and the labor market is still at a very solid level, so I really don't see that."

Powell admitted that "it was indeed possible to cut interest rates in July, but it didn't actually do that." But he denied that the Fed's interest rate cut was delayed for too long, and did not think that this action lagged behind the interest rate curve. This rate cut was precisely "a manifestation of the Fed's commitment not to lag behind the economic situation."

In other words, Powell meant that investors cannot assume that a 50 basis point rate cut is the new rhythm in the future, and the Fed will not continue to cut interest rates at this rate to cool down some rather fanatical and aggressive market expectations.

The price ratio rose sharply because the Fed's 50 basis point rate cut exceeded market expectations, and then fell sharply because Powell was optimistic about the market economy.

Combined with the hourly line of the market, the K line at noon had a small correction with three consecutive negative K lines. At present, the market has recovered slightly, but it is still not enough to pull up to the current high point of the market. Combined with the current indicator line, the MACD indicator line has shown a top divergence, and the fast and slow lines have also begun to turn downward. Combined with the KDJ indicator line, the three-line convergence is about to form a dead cross. From the perspective of the indicator line and the K line, the market direction in the future will still be a correction. In the short term, the Bollinger Bands closed flat, and it is still difficult to break the shock range in the short term. The operation is still mainly short-term, and shorting at high levels is sufficient.

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