At 10pm, Powell will testify on the semi-annual monetary policy report in Congress.

In this testimony, Powell is expected to discuss the current economic situation, including inflation, the job market and the Fed's monetary policy outlook.

Tonight, we will see what Powell says about the current economic situation, when and how many interest rate cuts there will be. This will have a great impact on tonight's market trend. However, according to Powell's previous speeches, tonight is ambiguous again. It depends on which side is more biased!

Friends who enter the market with long orders at night can control their positions and keep their defense unchanged. Use small positions and small defenses to see what Powell says tonight. If it goes up, it will be in time to add positions. If it goes down, we can accept it!