The key moment tonight is scheduled for 3 a.m.

The Federal Reserve will announce its interest rate decision at that time, and the market generally expects a 25 basis point rate cut, from the current 4.75% to 4.5%. At present, the market has digested this and formed a positive consensus, so I personally expect the air situation to hit a new high and then fall back.

From the four-hour chart, the market is in a correction phase and has approached the support level of 103065, and has begun to show signs of rebound. However, if this support level is effectively broken, it may open up a larger space for decline, and it is necessary to be vigilant about the lower extreme support area of ​​96000-98000.

In the evening trading session, we should focus on whether 104000 can be successfully recovered and stabilized at the key position of 105000. Only by breaking through this pressure level can the market have a second chance to rise! It may even refresh a new high of 108300.

Please note that short-term fluctuations are often violent and unpredictable, so it is recommended that you stay calm and don't be impatient. Never act rashly until there is a clear trading signal.