The large pancake has been consolidating around 83000 for so long, likely waiting for the information and decisions regarding interest rate cuts from Japan, the US, and Canada to be announced, as well as the subsequent hawkish or dovish comments.

Assuming Japan raises interest rates on March 19, the market will likely drop first out of respect.

Assuming the US announces no rate cut in the early morning of March 20, the market can be interpreted as having the negative news priced in, but it can also be seen as a new positive trend about to begin.

Then we wait for Mr. Powell to speak and release the dot plot. If he speaks in a dovish manner and the dot plot provides strong confidence for rate cuts, the market can stabilize and recover somewhat from the drop caused by Japan's rate hike. This would be a more moderate approach and could slightly recover the losses caused by Japan's rate hike.

If the comments are hawkish, with Japan's rate hike and the Fed pausing rate cuts overlapping, it may create expectations of "double tightening," and the market could face the impetus to break the previous low and test 72000.