Evening Non-Farm Data Analysis:

Non-farm, affected by tariff conflicts in April and May, the employment situation is not good, especially Wednesday's ADP, which was far below expectations, while this month's non-farm expectation is 130,000, although lower than last month's 177,000, this number is still relatively high compared to ADP;

(1) Data above 177,000 is bearish, but given the tariffs and ADP, this possibility is very small.

(2) Data above 130,000 but below 177,000 previous value is considered slightly bearish. Slightly bearish impact on the trend is limited.

(3) Data below 130,000 is considered quite bullish, which would lead to a wave of upward movement.

(4) According to Wednesday's ADP data, today's evening non-farm data is likely to be significantly below 130,000, increasing the probability of bullish outcomes!