The interest rate was cut by 50 basis points tonight, and the market is in such a mess. It seems that there is a real recession.

Powell also said in his speech tonight that the economy is fine. The next step will still depend on the data below. It seems that the probability of recession is already very high.

I feel that the market will fall sooner or later. This wave is estimated to go up at most and soon we will see a big pie around 50,000.