After the CPI data of October was released in the United States, the the US Dollar Index fell sharply, and the three major stock indexes in the United States rose sharply. The market generally predicted that the Federal Reserve might start the process of cutting interest rates by the end of next year at the latest. According to historical performance, the Federal Reserve will have a negative impact on the global capital market during the rate hike, especially the US stock market, and will play a certain role in promoting the recovery of the capital market during the Fed's interest rate cut.In this way, it is easy to understand the strong short-term performance of US stocks, but from the perspective of the past year, the performance of the S&P 500 index is not satisfactory.Figure 1: Tre

In today's financial update, the $E-mini S&P 500 - main 2309(ESmain)$ has experienced a significant development, further emphasizing the prevailing bearish sentiment. As discussed in our previous analysis, the market had broken below the critical support level of 4496.25, indicating the potential for a sustained bearish trend. 1 Hour Chart Bearish Momentum Intensifies The market's price action has demonstrated the strength of the bearish sentiment as attempts to reclaim 4496.25 were unsuccessful. Instead, we witnessed a substantial decline, with the price reaching as low as 4447 before experiencing a brief bounce towards the range of 4466 to 4473. It's essential to note that this bounce should not be interpreted as a signal for a full-fled