Alright, the 89-92 support level has been reached. As for any bad news yesterday or today, there doesn’t seem to be much—just some hawkish comments from Fed officials, and no strong statements about a December rate cut. As of the time of posting, CME shows the probability of a December rate cut is less than 43%. This week, we’ve only got NVIDIA’s earnings report tomorrow—let’s see if it can calm the mood a bit. To really impact the December rate cut, November’s macro data might be key, but that won’t be released until the first and second weeks of December. So what do we do this month? October’s inflation data won’t be out until next week—on the 26th. If 89 doesn’t hold, there’s still support below... but it’s tough to endure. What could possibly push up the rate cut probability and stabilize the mood? Same old advice: blindly bullish when it’s up and bearish when it’s down isn’t the way to go. If, by any chance, there’s some positive sentiment that boosts the December rate cut, then the mood could recover. So, it’s still all about watching the market sentiment and news flow.