The afternoon market fluctuations are not significant, still maintaining the price comparison around the 94,000 line. The midday surge did not lead to a further breakthrough at the 95,000 line, but instead retraced as the main theme, bringing the price comparison range back near 94,000. This aligns with our view of a sideways market during the daytime session. This week, the beginning is not expected to show the same level of volatility as last week, especially with the Federal Reserve's interest rate decision and Powell's monetary policy in focus, with significant volatility anticipated at the end of the week. Today's US stock market opens in such a strong trend; even if it declines, it is still unlikely to break below the strong support levels of 92,500-91,700.

Looking at the four-hour chart, after the candlestick turned bullish, it did not provide further continuation to test the pressure at the middle band, but instead turned bearish and retraced. Currently, the price comparison range has again come close to the lower band, but it has not broken down yet. The previous close was around the 94,000 line, and there seems to be a tendency for some sideways consolidation in the market. The Bollinger Bands currently show a downward trend. If today's US stock market opens and retraces without further breaking below the two strong resistance points, there is still hope for the bulls to recover. As for the previously mentioned 100,000 level, it will take time; it is expected to take a few weeks, possibly until the Federal Reserve's interest rate cuts are implemented. However, the overall trend remains, and the bulls looking to buy at low points do not need to panic.

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