The final short-term bullish key support held the price. The bounce in price has driven the support back to its previous diversion, which will continue to support and maintain the current price level.
If the short-term bulls keep this movement for 24 hours and break up $20863.04 and stay above it for 24 hours, the price will stabilize for some time.
Now it’s still volatile. If this support is broken, it will plunge again.
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(27.5%),75bp(72.5%)
If the short-term bulls keep this movement for 24 hours and break up $20863.04 and stay above it for 24 hours, the price will stabilize for some time.
Now it’s still volatile. If this support is broken, it will plunge again.
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(27.5%),75bp(72.5%)