At present, novel coronavirus pneumonia confirmed cases in the world have exceeded 470 thousand, and the cumulative death rate is over 20 thousand. The epidemic spread speed in the United States is amazing, and the number of confirmed cases has exceeded 65 thousand.

On Wednesday, the US $2 trillion stimulus bill is pending and full of variables. The Senate will vote on the stimulus bill tonight. If it is passed, it will be submitted to the house of Representatives tomorrow. In addition, the Federal Reserve will provide $4 trillion to stabilize financial markets, provide loan guarantee support, and assist some hit industries. The suspension of the stimulus bill has increased uncertainty for investors. In one trading day, US stocks staged three major dramas in a row: "high open low go", "deep V rebound" and "late dive".

Although these stimulus measures may be expected to be implemented, the current epidemic situation continues to worsen, the number of confirmed cases is still increasing, and it is still some time before the turning point appears. There is a time lag between the implementation of the plan and its impact on the market. The economy will continue to decline for a long time and investors' confidence will not recover quickly in the short term.

Investors around the world are looking forward to a return to stability, but there are several conditions that need to be met to achieve this. From the current situation, it is necessary for governments around the world to continue to carry out policy intervention to prevent the second and third waves of economic shocks; the pneumonia epidemic reaches its peak and turns around; the economic recession shows signs of slowing down, etc., which is obviously impossible to meet the current situation and conditions in a short time.

Although the current situation is very bad in all aspects, the worst period may have passed, and the mentality of investors and their views on the current market have changed. The extreme panic has been relieved in the first wave. Even in the second and third waves, investors can see it relatively rationally, and the possibility of another panic collapse is smaller.

Focus on the performance of 6800 resistance level, once the breakthrough, it is likely to test 7000 resistance level. After breaking through 6800, the price quickly rose to above 6950, approaching 7000, and then quickly fell back to 6450, opening a volatile market. From the current trend, the price will maintain a volatile trend in the 6500-6900 range, and the trading strategy of high selling and low absorbing can be adopted until the market sentiment reaches an agreement. The 4-hour trend line support position is still valid at present, and the current policy news has a greater impact on the price trend. In the day, it focuses on whether the price is retested for 6500 support and performance. This week, it is more likely to break through 7000, and short-term and multiple orders can be arranged for light positions, with a profit stop target of 7600-7800.

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