Tonight's key data is coming, directly impacting short-term trends

At 10:00 PM tonight, the US will release two critical data points:
Michigan Consumer Sentiment and One-Year Inflation Expectations.

In simple terms:

• Inflation Expectations (Key): Expected at 3.9%, up from 3.4%.
The higher the expectation → harder to cut rates → short-term bearish
The lower the expectation → stronger rate cut expectations → short-term bullish

• Consumer Sentiment: Expected at 54, down from 55.5.
Worse sentiment → weaker economy → bullish
Better sentiment → stronger economy → bearish

One sentence summary:
Inflation above expectations → bearish
Inflation below previous value → bullish
Both in line with expectations → volatile, high sell-off, low buy-in