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This week, Non-Farm Payrolls and CPI, along with the Spring Festival celebrations, mark the final frenzy
Hello everyone on Monday! First, let's review last Friday's market trend. As I mentioned, the support of the trend channel held steady, and if the rebound stabilizes above 4800, the bulls will continue to oscillate upward. So on Friday, the market basically followed a slow upward trend, closing around 4960. Last week's market movement largely aligned with my expectations, so let's move to the next step. Today, Monday, the market opened slightly higher and continued to rise, as always showing strong bullish momentum.
This week, we need to focus on two major news events: Non-Farm Payrolls and CPI, as well as the Spring Festival celebrations. So this week should be very important and could be a life-or-death week. From the weekly chart, the short-term trend is very clear—continue to look for gains. The daily moving average support is around 4900. Therefore, today's market focus remains on resistance at 5100. If it breaks through and moves higher, we will watch for a breakout. As I previously said, stabilize at 4400, then rise to 5100; a pullback from 5100 to 4700 followed by a rebound would break through this resistance. So, the market continues to be a good opportunity for low buy-ins this week.
Therefore, today's trading strategy is to buy around 4900-4950. If the market rebounds first, then short positions can be considered in the 5100-5150 range. Remember, this week's data releases will determine whether the market can break out early. If not, expect sideways movement; if it breaks early, the data will accelerate market movements.