The village chief said 11.03 market analysis, what to watch this week and what to watch today

Preface

In the early hours of Thursday morning, the Federal Reserve's latest interest rate remained unchanged at 5.25-5.5%. It has kept interest rates unchanged at two consecutive interest rate meetings, in line with expectations.

Powell said: At present, there is no consideration of cutting interest rates at all. A lot of progress has been made in this interest rate hike cycle, and we are close to the end of the interest rate hike cycle.

After the meeting, traders increased their bets that the Fed has completed raising interest rates and will start cutting interest rates in June next year. The Fed swap contract shows that the Fed will cut interest rates by a total of 50 basis points by September next year, compared with the previous expectation of 48 basis points. .

Market review

After the market reached around 36,000 yesterday, it surged higher and fell back. It has retreated all the way to around 34,300, which is considered a moderate retracement. At present, 36,000 is the rise that started on the 19th of last month, and will continue to fall back. . Second pie, the small coin has also started to pull back along with the big pie. Now it depends on the point at which the big pie pulls back. When it stabilizes, it is the second opportunity to enter the market. The editor believes that 33000 is the first support level, and below it is 32000-30000. I will wait and see.

The second pie is weak and follows the big pie.

Today’s highlights and this week’s views:

The market has been going back all the way during the day, and there is basically no feeling of stopping. 34,000 is expected to break at any time today. The editor will first look at 33,600, and then 33,000. Today, the editor basically sees a decline, and it is estimated that it will reach around 33,000 to stabilize. The current upper pressure level is between 34800-35200.

The second pie followed the big pie back to around 1790, which was very weak. The small coins fell back in various ways, as if they had returned to the bear market overnight. First, look at around 1750, and then around 1730-1700. Looking at the overall trend, the upper pressure is between 1820-1850. The article is a personal opinion and does not constitute investment advice.