This is the strongest resistance of Fibonacci, 61.8% retracement line 66000, the market will wail again!
Whether the closing line this week stands firmly at 66000 points is particularly important.
Weak employment data and the decline in the CPI index increase the probability of a rate cut in September.
The market is currently optimistic about the interest rate cut in November and December, and this year's bull market may have to wait until the end of the year!
The ultra-high Federal Reserve interest rate is 5.5%. Each time the interest rate is cut by 25 basis points, it will take ten interest rate cuts to return to 3%. Will next year be a bull market?
