The quadruple witching day seems to have arrived early, last night I saw it rise to 90000 and I just closed my short position, specifically to wash my position, just after closing, it started to drop with a counterattack... They drew a Christmas tree for me🎄

The reason lies in the market's shift from interest rate cut expectations to growth panic, several blue-chip stocks have begun to show signs of weakness, and NVIDIA has also been hit hard.

The market is digesting the recently released employment data (the unemployment rate unexpectedly rose to 4.6%). The initial interpretation of bad data = interest rate cuts = positive has shifted to bad data = economic recession = corporate profit decline = negative. This panic sentiment gradually dominated during trading, overwhelming the optimism of the morning.

Essentially, a rebound without positive support has been beaten back by fears of recession, but there are still many specialized opportunities in the future. The Federal Reserve is undergoing a change, and recent candidates have begun to subtly show dovish tendencies, which was also the reason for last night's high opening. After that, it was found that there was no new capital to take over, coupled with the current weak commitments from the Federal Reserve and concerns about economic slowdown, leading to profit-taking and a drop back to the original position.

However, not making new lows during this period is also a relatively good signal. Positive and negative factors have reached a point of contention, and since risks have been released, there are not many negative news items left. This may already be the time to start betting on a Christmas reversal opportunity.