7/10 Personal subjective market analysis:

7/10 Personal Subjective Market Analysis:

Since Powell didn't say much yesterday, the market will certainly revisit the topic of interest rate cuts.

Regardless of whether there is a rate cut, the current market is stuck at the critical level of 2368. Currently, there are no significant bullish factors, so the momentum for a breakthrough is somewhat lacking.

If the downward trend line is broken, the upward space is somewhat limited. One should look at the key level of 2383 in a bullish trend.

If there is no breakout and the market pulls back, it indicates that the upward momentum is still lacking and needs a further downward movement to gain strength. For a bearish view, consider 2346 as the lower trendline support.

"The above is a personal subjective analysis and is for reference only. Please do not follow trades blindly; losses are at your own risk."

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.