"U.S. CPI data" is released. If it exceeds or meets expectations, it is bearish for the market; if it is below expectations, it is bullish; if it is below the previous value, it is strongly bullish.

CPI data is the inflation index. In simple terms, the higher this number, the higher the market consumption rate and the rising prices. The lower the number, the lower the market consumption rate and the falling prices.
If this number continues to decline, it will increase expectations of the Federal Reserve cutting interest rates.