8.22 Expectations for a Rebound After Breaking
1. The previous daily low at 111920 is the psychological defense line for bulls. After being tested for a few days, breaking this level will undermine the bulls' confidence. When bulls stop-loss and exit, a rebound counterattack will follow.
2. Tonight's Powell central bank meeting is of high interest to the market; the higher the attention, the more intense the volatility will be.
