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Today, BlackRock ETF net outflows reached $135 million, which is not a small figure. The Federal Reserve is basically set to cut interest rates by 25 basis points, but the issue is—has the market already fully priced in this expectation?
At 3:30 am Beijing time, Powell will hold a meeting. The real thing to watch out for is whether he will make any hawkish remarks. For example, hinting at a pause in rate cuts next January? Or Trump continuing to influence him as Fed Chair? Once these messages come out, the market may shake.
Don’t naively think that a rate cut is necessarily bullish. Reality might hit hard.
Operationally speaking: friends who previously added to short positions near 94,000 and later reduced them can set a breakeven stop-loss and observe. Between 96,000 and 98,000 at noon, if the price really goes up, consider short-selling in batches.
Pay close attention to the support levels below: around 91,500 with an extension line, 90,000 as an integer threshold, and the bottom of the cloud at 89,000. Short sellers, note that when the price reaches these levels, you can gradually reduce your positions. Don’t hold on stubbornly.