Short term daily movement are hard to predict. Is can rise and fall beyond our expectations depending on how media wants to portray the situation. Powell is due to speak later on Tuesday, and market can go either way depending on how hawkish/dovish is his tone and how media want to portray it. Many other daily events, reports/numbers, etc will also affect the short term price movement. Unless one is a trader that profit on the market volatility, maybe we should just "put our focus more on the general trend" and work out a plan based on it. My opinion for the next 3-6 months is that hikes and QT will continue aggressively as inflation will take some time to resolve. Market most likely to continue to decline. So for me, it will be mostly waiting and also picking up good businesses that are oversold and of lower than usual valuation. Focus on risk management too.