Generally, it falls on Friday and then needs a pullback on Monday. The U.S. stock market is closed next Monday, so the rebound will fall on Tuesday and Wednesday’s shoulders. On Wednesday, the U.S. Treasury starts an expanded buyback plan for U.S. Treasuries, which is positive. On Thursday, PPI usually doesn’t cause much fluctuation; on Friday, CPI is the big one. Risk control mainly guards against this, as it determines whether September stays on hold or confirms a rate hike. If there is a rebound in the first half of the week, we need to watch for a drop on Friday. But at this stage, the decline does not have much continuity, so the possibility of a one-way decline is very small. Because at present, looking at indicators above the weekly level, the upward trend is still very strong. So in this situation, neither do I want to miss out nor fall into a bear trap. The approach is to reduce leverage, set stop-losses farther away, buy on small pullbacks, and hold positions for a rise to capture the main uptrend. Because there is no major downtrend anymore, the only chance we have to make big profits is to catch the main uptrend.

I am more inclined to think Japan will raise rates on 9.18, and that it will cause a genuine pullback. The opportunity for a golden bottom should come in late September to the end of the month.