Come, today we need to look at a set of data first. The spot inflow is 175 million, and the contract directly poured in 1.1 billion. The contract/spot is close to 10:1. Don't you understand this? It's not that institutions entered the market to stock up, but the main force used the contract to pull the market and clear the liquidity of the shorts.
Yesterday's violent pull and last week's sideways trading are exactly the same. First break through 105K to clear the longs, and then reverse the hand to pull the shorts, all the upper and lower cuts, leeks against leeks. Now don't look at the price is still above, in fact, the main force is waiting for the next wave of liquidity.
And many people see the surge and climax, thinking that there is something super good, but in fact there is not. At present, if it can't stand at 110.2K in the next two days, it is likely to turn around and pull back, so tonight's non-agricultural data is very critical.
If the non-agricultural data is good, the market is not afraid of recession, and it can also YY interest rate cuts to continue to pull the market. If the data is too good, there will be concerns about overheating, and interest rate cuts will be delayed. If it is too bad, there will be concerns about recession, and there is no good.
Therefore, the neutral data that is just right is the best catalyst. Once it cooperates, the breakthrough of 110.2K is a natural outcome, which opens the door to the 30,000-point space above.
Back to the market, structurally speaking, the fourth section of the big cake wave from 74.6K has not yet been completed. If it stands firmly at 110.2K, it will be the starting point of the next round of main rising waves. But if this round fails, 110.2K will become a lure for more.
After the pull, it will turn around and pull back, stepping back to 108.8K or even 105.1K. It is particularly important to note that if 105.1K is broken, it will be directly broken and the longs will exit the market.
Let's talk about the liquidation area. At present, the liquidity below is concentrated at 103K, and the short liquidity above is evenly distributed. You say that the liquidation area may be flat, but it is useless. The key is how the relative strength is distributed now. Wherever the chips are dense, which side is easy to be cleared, the main force will go there.
So the current rhythm is to take more on the pullback, don't chase high. If the non-agricultural data hits 107.6K tonight, it may be a good opportunity, but if it even breaks this, don't hesitate, it's time to withdraw, and you have to save your life before the market is over.
