The village chief said 11.04 market analysis, what to watch this week and what to watch today

Preface

Data released by Da Meili shows:

The unemployment rate in October was 3.9%, higher than the expected value of 3.80% and higher than the previous value of 3.80%.

The seasonally adjusted non-agricultural employment in October was 150,000, lower than the expected value of 180,000 and lower than the previous value of 336,000.

The U.S. unemployment rate recorded 3.9% in October, the highest level since January 2022. Non-farm employment was significantly revised down by nearly 100,000 in August and September. The data slowdown is real and may be accelerating. The U.S. 10-year Treasury bond yield fell sharply from 5% to 4.5%.

The slowdown in today's data is due to Powell's dovish confidence yesterday. The US stock index rose and gold rose to $2,000.

Market review

Yesterday, the market stopped falling and stabilized around 34200, and started to rebound. Today it has rebounded to around 35100. I can only say that the non-agricultural market is not strong, and the rebound is very weak at the moment. The editor believes that it will not rebound until at least 32000-30000. It is my opinion that the profit margin will turn from empty to long, and the rebound will be short. There should not be much fluctuation during the weekend, so just go short at high levels. Look back and step on.

Erbiao is relatively strong today, and small coins are also strong. However, I think 1850 is still a big pressure level and should not be broken. It is high and low.

Today’s highlights and this week’s views:

Let’s see which point the big pie rebounds to today. The editor personally believes that the probability is higher between 24800-35200. Over the weekend, the big pie will not fluctuate greatly. It is better to look at opportunities for copycats. The first support level below is between 34000-33600. The second support is 32,000.

Looking at the consolidation, the high altitude is low and the high altitude is the main reason: the retracement is not in place.

The second pie is a little stronger than the big pie today, but it is only a little stronger. I am not optimistic about a strong breakthrough. 1850 is the biggest pressure level above, and 1880 is the upper level. Looking at the high altitude and low bullish position, the lower level is 1780-1760, and then it is 1730-1700. Generally, small coins will explode on weekends, and then the rebound will fall back. The article is a personal opinion and does not constitute investment advice.