The latest release of non-farm payroll data shows an increase of 177,000 people.

Compared to the previous value, this represents a reduction of 50,000 jobs, but due to being far higher than the market expectation of 130,000 jobs, it has temporarily become a positive indicator for U.S. stocks.

However, it is an undeniable fact that the employment environment in the U.S. is further deteriorating, while the Federal Reserve predicts a 95% chance that interest rates will remain unchanged in May, making any rate cuts likely to be delayed.

Therefore, the short-term positive momentum for U.S. stocks may be difficult to sustain, which will also impact our market. We can only reiterate our previous thought:

975, 1900, the 4H level change has not stabilized.

Hold onto high-level short positions firmly, but if the 4H breaks through and stabilizes,

then decisively sell off and pay attention to small pullbacks for direct consideration of upward chasing.