Tonight, both CPI and resolutions have signals of interest rate cuts. These two events have a great impact on the mid-year market. Whether the big cake can return to above 7W in the short term also depends on whether there are positive signals tonight.

CPI is lower than expected, interest rates are cut twice or more, and Powell is not rolling meat. These are all positive signals. If two of the above signals appear, it means that the negative impact has been realized, and the correction ends and the bulls rebound. If one or none of them appears, the negative impact will continue to be digested.

This round of correction started after the release of the big non-agricultural data last Friday. The positive of slightly rising unemployment and the negative of a sharp rebound in employment have made the market pessimistic about the interest rate cut. The current correction is only a pricing behavior of the market, so tonight's signal determines whether a new round of rise or fall will begin.