Market Outlook

Continuing to pull back as expected, considering long positions around 90,000

The current market continues to decline to around 91,000, with a lower fill of CME gap (family members pointed out it's not a daily level gap, just a 4H gap) in the 90,300-90,000 range. The cost-effectiveness of considering long positions in this range is very high

We said above 93 that there would be a pullback, and our judgment was correct

Next is to see if around 90,000 can stabilize and rebound as expected. If it stabilizes and rebounds, we believe it can go to 97-98

The expected time for reaching this could be at the end of the second week of January, that is, before the 15th

After reaching 97-98, there will be a new consideration: whether it can further rise to the 102-107 range, or decline from this point

If it continues to rise, it will reach the 102-107 range before the January FOMC

If it doesn't continue to rise, then the rebound will end

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