Friends, the CPI data has been released, and the result of 3.4% is in line with market expectations. This news has made traders more determined to look forward to the interest rate cuts in September and December. For the market, this is undoubtedly a positive driving factor, leading the current upward trend.
If we observe the next ten minutes and the price can remain stable and not fall, then this will be a real breakthrough signal. I suggest that after the price stabilizes, you can buy directly at the current price. After the wash is completed, the market often ushered in an upward trend.
Looking back at history, we can find that in the two time periods from November 2022 to January 2024 and from August to October 2023, when the market was generally bearish, the market unexpectedly rose rapidly. This shows that the market has its own logic and rules, and it does not necessarily follow the expectations of most people.
If the low point in May is confirmed and the bears cannot go down again, then this will open a door for the bulls, and the market is likely to usher in a new upward cycle. Based on this judgment, I will continue to be bullish on the market next.
Finally, I would like to quote a saying: "Follow the circle and buy the opposite, the villa is close to the sea." In the investment field, sometimes reverse thinking can indeed bring unexpected benefits. But please be sure to pay attention to the risks and invest rationally.
