The key support sustained the price yesterday and saw a quick bounce. The key support boosts the confidence of the bulls.
The short-term bullish support is able to keep the price above but not strong enough. Only by pushing it up and breaking the intraday resistance for 24 hours will the short-term bulls firm their stance.
It is a crucial moment from today until tomorrow as long-term data is going to be updated. At the same time, QT is going to double. If the market keeps the current momentum, it’ll go against the macro with an outstanding performance. Otherwise, a slide will follow after the breakdown of the key support.
QT doubles in September. Fed lifts the upper limit of QT to 95 billion (60 billion treasury bonds + 35 billion MBS). The market is under the pressure of quick and massive liquidity drainage.
The market expected interest rate hike in September: 50bp(31.5%),75bp(68.5%)
The short-term bullish support is able to keep the price above but not strong enough. Only by pushing it up and breaking the intraday resistance for 24 hours will the short-term bulls firm their stance.
It is a crucial moment from today until tomorrow as long-term data is going to be updated. At the same time, QT is going to double. If the market keeps the current momentum, it’ll go against the macro with an outstanding performance. Otherwise, a slide will follow after the breakdown of the key support.
QT doubles in September. Fed lifts the upper limit of QT to 95 billion (60 billion treasury bonds + 35 billion MBS). The market is under the pressure of quick and massive liquidity drainage.
The market expected interest rate hike in September: 50bp(31.5%),75bp(68.5%)