In the last two weeks, the US30 index broke below 32600 and continued its bearish trend, testing the 31800 level. This downward movement was triggered by a combination of factors including Powell's hawkish speech, the latest economic data, and the ongoing Silicon Valley Bank crisis, which all impacted market pricing. However, in the past week, the index has shown signs of stabilizing, trading within the 31800-32200 range, which may be attributed to the low trading volume and anticipation of upcoming inflation data. The recent rally above 32200 may be fueled by hopes of a Fed pivot, but it's important to remain adaptable as market conditions can change quickly. With the Fed likely to maintain a hawkish tone and prioritize inflation, smaller banks may continue to struggle, leading to a potential US30 sell-off. It's important to remain adaptable as market conditions can change quickly.