As expected, Federal Reserve Chairman Powell sent dovish signals, and the three major U.S. stock indices rebounded last night, with tech stocks leading the market. The Nasdaq rose 246 points, up 1.41%, closing at 17,750 points. Recently, many may have shorted U.S. stocks, so a sharp decline is unlikely in the short term. Market makers aren’t foolish—they’ll likely drag out a sideways consolidation, fluctuating up and down until short-sellers give up before a real downtrend begins. Hong Kong’s night futures fell 15 points, but heavyweight Tencent’s earnings beat expectations. I predict it will lead the market to another breakout today—let’s wait and see. 😀😀😀

$Hang Seng Index(00HSI.HK)$NASDAQ Composite Index(.IXIC.US)$Tesla(TSLA.US)$TENCENT(00700.HK)