#村长说10.28 market analysis, this week’s highlights and today’s highlights

Preface

Data released by Da Nili showed that the PCE price index annual rate in September was 3.4%, in line with the expected value of 3.40%, lower than the previous value of 3.50%. The annual core PCE price index in September was 3.7%, in line with the expected value of 3.70%, lower than the previous value of 3.90%. A new low since May 2021.

At the interest rate meeting next Wednesday, the Federal Reserve will announce its latest interest rate decision. Currently, the probability that the Fed will keep interest rates unchanged in November is 98.5%, and the probability of keeping interest rates unchanged by December is 81.6%.

Market review

Recently, after the big pie flew to around 35280, it started the consolidation mode, and the market experienced a hot spot rotation phenomenon. The second pie also adjusted back and consolidated in a timely manner yesterday, and various currencies began to play freely. The main reason for this rise is the expectation that the spot ETF may be approved in the near future, so it can be regarded as a calf until the SEC does not explicitly reject it.

Today’s highlights and this week’s retracement will lead to long positions.

Look for some small coins to pull back and go long. The market has reached a new high. The market should be bullish. The external environment continues to be bad at present. The market is consolidating between 33200-34200. When the consolidation is over, it is estimated that there will be a big move. , the editor’s opinion is that the highest point this time is around 36,000. Next Wednesday is the interest rate meeting day. Before that, it is very likely that there will be another surge, and then we will wait for the outcome of the interest rate meeting to see the direction.

The chances of small coins will be better on the two days of the weekend. The big pie and the second pie will probably consolidate back and forth. The big pie will rest and the chances of small coins will be better.

Erbing fell below the previous low yesterday, with the lowest reaching around 1740. There is a probability that it will continue to consolidate between 1740-1800 today, accumulating strength for an upward move. If it falls to 1740-1700, you can try to place long orders. The lowest level is 1680, and the upper level is around 1850. The major support points on the intraday level are mainly around 1680-1720. The first target resistance point above is focused on 1880. Interval line. The article contains personal opinions and does not constitute investment advice.