The recent sharp decline was caused by market panic triggered by data fabrication. There is distrust in the American data.
However, from the revised non-farm payroll data, it appears that the American economy is weak, which is conducive to interest rate cuts.
Therefore, after the panic, the positive sentiment from the Fed's interest rate cuts due to the non-farm data will emerge.
There is a high probability of an interest rate cut in September, which is a major positive development, returning to a bullish trend.