Tonight's data meets expectations, let's continue the music and dance.

Tonight is crucial! The PCE data will determine how the current technical pressure levels can change!

The market has also reached a critical juncture!

The market expects a PCE data of less than 2.9%.

If core PCE ≤ 2.7% (annual rate) or monthly rate is below 0.1%: This will significantly boost the market, strengthening expectations for a rate cut in September, and is likely to trigger an effective rebound, reversing the recent downturn.

If core PCE meets expectations (2.8%): The market may see a slight rebound, but the effect may be limited, as this is already within expectations. The market may quickly return to a “boring” oscillating state, waiting for the next clue.

If core PCE ≥ 2.9% (annual rate) or monthly rate is above 0.3%: This will be a negative shock, reigniting inflation concerns, leading to a delay in rate cut expectations, and the market is likely to continue facing downward pressure.