Now everyone thinks that the Federal Reserve will cut interest rates, and the weakening of the dollar has strengthened other currencies. However, the non-farm payroll data for November is about to be released, and there has been progress in the Russia-Ukraine negotiations (Ukraine is no longer mentioning joining NATO). Therefore, the market is hesitant to take action, and the trend lacks sustainability.

Yesterday's market was similar to Friday's, starting from 4300 and moving upward with little pullback. During the European trading session, it touched 4350 before coming down. After dropping below 4320 in the evening, it fell directly to 4285, and then bounced back around 4300, fluctuating back and forth. Both bulls and bears are very cautious now; the overall direction remains strong, but since prices are at historical highs, any slight disturbance can cause panic selling, leading to sharp declines.

The non-farm payroll data will be released tonight, and it is highly probable that there will be fluctuations during the day. The key levels to watch are the resistance at 4320 to 4330 and the support at 4260 below. There are opportunities whether buying up or down.