The interest rate was cut by 50 basis points in the early morning, and it did not indicate an increased possibility of economic recession, so it is a positive. The big cake did not rise first and then fall as many people thought. This interest rate cut represents the official entry into the interest rate cut cycle. In the long run, this is a good thing. Combined with the current technical disk, it is still bullish at present.

The target mentioned above remains unchanged. The following larger target is around 63000/65000/68000

Entering the interest rate cut does not mean that liquidity will come back immediately. It requires a gradual process. Therefore, based on past experience, it is still necessary to look at the US stock market. The US stock market has also experienced a big drop at the beginning of the interest rate cut in the past, and it is likely to be around the second interest rate cut. November is the second interest rate cut meeting. So I personally think that the market should be OK in September and October, and we should be more cautious after November. The real big market should be next year. These are all predictions. There is probably a trend idea, and the specifics still need to follow the specifics.

I would like to remind you that those who do swing trading must pay attention to themselves, and don’t be too greedy. It is best not to keep holding a full position. Reduce positions when the market is high and replenish them when the market is low.

For reference only.