$ETH Tonight’s Non-Farm Payroll! Drop the market or pump it up? A sneak peek in advance.
Last night, the market rallied and managed to break above 2500 and hold steady. When Gangge previously called for getting on at 2355, he was hesitant for a moment—then the market delivered immediately. At 2400, when it was called to get on, some people were still hesitating. Now that it’s holding above 2500—are you going to hesitate again?
Some brothers even came to ask how to unwind their short positions. Gangge can only say: I don’t know! Anyway, those who followed the rhythm have already eaten their fill. Don’t come asking me—I truly don’t know!
At 8:30 PM tonight, the Non-Farm data will be released—this is the key variable. The forecast is 56,000. JPMorgan says if it exceeds 95,000, the S&P could fall by 0.5%–1.25%; but if it’s below 35,000, it can actually rise. In short: higher than expected means it will drop; lower than expected means it will rise.
Let’s also look at on-chain data: yesterday, net inflows were $141 million! Institutions are buying. The logic for the price to rise still makes sense. Plus, expectations for the Non-Farm numbers are somewhat weak—so the market is betting that after the data comes out, it will rally.
As for trading: chasing highs now has too poor a cost-performance ratio—there’s no need. Wait for a pullback to around 2450 to pick up long positions. The first target is to watch for a break above 2550, then look toward 2600, and after that 2700. For the exact trading details, Gangge is sharing them in Steel Iron Fortress; the plaza’s delay is too high, so just keep a close eye.
The market will never stop you from making money, but it also won’t make decisions for you. When it’s time to act, don’t hesitate. #美国初请失业金人数升至20.6万 #美国10年期国债收益率创2023年11月新高
Last night, the market rallied and managed to break above 2500 and hold steady. When Gangge previously called for getting on at 2355, he was hesitant for a moment—then the market delivered immediately. At 2400, when it was called to get on, some people were still hesitating. Now that it’s holding above 2500—are you going to hesitate again?
Some brothers even came to ask how to unwind their short positions. Gangge can only say: I don’t know! Anyway, those who followed the rhythm have already eaten their fill. Don’t come asking me—I truly don’t know!
At 8:30 PM tonight, the Non-Farm data will be released—this is the key variable. The forecast is 56,000. JPMorgan says if it exceeds 95,000, the S&P could fall by 0.5%–1.25%; but if it’s below 35,000, it can actually rise. In short: higher than expected means it will drop; lower than expected means it will rise.
Let’s also look at on-chain data: yesterday, net inflows were $141 million! Institutions are buying. The logic for the price to rise still makes sense. Plus, expectations for the Non-Farm numbers are somewhat weak—so the market is betting that after the data comes out, it will rally.
As for trading: chasing highs now has too poor a cost-performance ratio—there’s no need. Wait for a pullback to around 2450 to pick up long positions. The first target is to watch for a break above 2550, then look toward 2600, and after that 2700. For the exact trading details, Gangge is sharing them in Steel Iron Fortress; the plaza’s delay is too high, so just keep a close eye.
The market will never stop you from making money, but it also won’t make decisions for you. When it’s time to act, don’t hesitate. #美国初请失业金人数升至20.6万 #美国10年期国债收益率创2023年11月新高
