This Monday, the market focus was primarily on two aspects: macroeconomic policy and technical trends.

From a policy perspective, although the non-farm employment data is controversial, it may not become a decisive factor affecting Federal Reserve Chairman Powell's decision to initiate interest rate cuts. The key indicators that will truly influence the final decision will be the Consumer Price Index (CPI) and tariff policy. These two factors will largely determine the direction of future monetary policy.

From a technical perspective, the early trading shows that the rebound strength on the hourly candlestick chart is insufficient to support the price reaching the 116000 level. At the same time, there is still uncertainty as to whether the gap near the 111800 point will be filled. The overall market trend is still in a recovery phase, and this recovery market does not have a clear right or wrong.

It is worth noting that for the afternoon trading session, the market may still need to further dip below the 11400 point. This indicates that the market may still face certain downward pressure in the short term.

Overall, the current market is at the intersection of policy expectations and technical adjustments. Investors need to closely monitor the upcoming CPI data and potential changes in tariff policies, while also considering technical trends to make prudent judgments about the future direction of the market.