Today the upcoming market data should be the most complicated day.. Sent my thoughts on today before going to bed -- this week's final dance of this wave.. Let's get up and take a look at the data from all sides to see if it continues to support this view...

Today, on the macro front, it is still the data on non-farm payrolls and the unemployment rate. Although it is currently on hold, there are reports that the data has actually been compiled, so the Senate is requesting the data to be released as scheduled. However, there has been no final confirmation. Therefore, whether it will be released or not can only be seen later.

Looking at the order book, spot players have placed heavy selling pressure above the current price. Most of these are set at integer levels of 1000, and are grid players from whales. Most of these orders are unlikely to be canceled. The largest is set at 125000. This is just part of the pending orders, plus the selling pressure that hasn't been placed. The sell orders above cannot be resolved by an ETF daily inflow of 500-600 million. Unless there is better news to stimulate and attract more short-term traders and FOMO power....

At the same time, also look at the order book below, which is almost cleared.. There are no large funds placing orders in the range of 110,000 to 120,000 in advance (but that doesn't mean there are no funds here, I will explain later) Having studied Livermore.. The market tends to move in the direction of least resistance, so once a sell-off begins.. or once the funds that were buying below start to withdraw.. this pullback could go very smoothly.

However, the ETF funds on the last day cannot be ignored.. Let's look at the next one..