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In the afternoon, the space may slip downward— you can slightly “low-hop”/dip into it, but remember to exit soon; don’t extend the trade!
Tonight’s macro data hides crucial twists: foreign reserves are down a little, ADP employment comes in unexpectedly cool at just 21k, and while the trade deficit narrows slightly, it can’t conceal the weakness. Weak employment reinforces rate-cut expectations, but market risk-averse sentiment is heating up, and funds may flow into safe-haven assets such as gold. Coupled with a weak rebound on shrinking volume, bearish strength is quietly building up.
Next, the market is likely to trade in a choppy, downward-leaning range. Consider setting up short positions on rallies—don’t blindly chase longs. If evening inflation expectations come in above forecasts, it will further accelerate the downward trend. Trade steadily and follow the trend! #美终止对伊朗石油制裁豁免