The time has come…

This is what we have been awaiting, a confirmation of the May 11 to October 14 fundamental support, a technical confirmation of the 2022 stock market bottom. We got it today on the close, our algo turned bullish. You may have a day or two to act in this 3830 to 4130 SPX catch point.

And here is the interest rate picture that brings it all together, the pushing on a string 2 Yr to 3 Mo chart. As the Fed pushes on the 3 mo the 2 year market rate keeps trailing. Important points on this chart are May 25, and July 26 when averages turned down. It is important to note that when the 2 year trails the 3 month rate , the Fed is basically out of gas, and stocks rally.

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