1/ #SPX500 The S&P started to pull back last week due to the plunge of Nvidia. Although multiple data still support the argument of a soft landing, the "recession theory" has regained the upper hand. The short-term end of the inversion of the yield curve has also exacerbated investors' concerns about the recession.

In addition, last week's employment data was not ideal, JOLTS vacancies fell sharply, and ADP was far below expectations (recorded an increase of 99,000, an increase lower than the expected 145,000).

2/ The most important non-agricultural data was mixed. The unemployment rate fell from 4.3% to 4.2%, which was in line with expectations. The number of new jobs in August was 142,000, lower than the expected 165,000, and the previous value was also significantly revised down.

Overall, "not as bad as expected, but not very good either", but it has never been possible to give a clear answer to the extent of the interest rate cut in September.

The market is wavering under this uncertainty. Although the plunge has been repaired this week, the crisis has not been resolved.

3/ The classic weak trend in September will continue to drag down the market. In addition to metaphysical factors, there are also objective factors, such as tax issues, and companies entering a silent period of repurchases for several weeks.

There are several influential events this week:

Inflation: CPI data on Wednesday

Employment: Initial jobless claims on Thursday

Others: 9.10 US presidential debate; 9.10 Apple conference

4/ #BTC The weekly line continued to fall last week, and it made a pin to withdraw the previous low of 53300 and started a rebound, but there is no independent market, and the rebound and decline will be synchronized with the US stock market;

Support below, the lower edge of the channel is 50500; weekly MA60 support (mid-term rising dividing line) -48500

5/ In the short term, #BTC tested the central axis of the daily channel last night, and it was strong and volatile when it stood above, and the previous high of 60200 can be expected;

The H4 downward trend line was broken, and the support level of 56000 could stand firm, so it could continue to rebound. If it falls below, it will be hedged for protection.

The current market is not a pattern at all, and it can only change flexibly with the market.

Just get through it...