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Slows from +16.2..and this week much slower +2%

Net is +25.4% or +7.9% last week.

Then fall to 2.0 by end of year with 3 cuts Sep Oct Dec.

Consolidating Feb-Apr… And 12wk…-2.69% OR -4.3% off recent peak at 200dma ready for big bounce.

Last week +16.4…total +23.7%

8 SD means 8 standard deviations. This is quite rare but will create inflation scare necessary to keep Fed on hold.

it’s the best in 12 months with 3 dots above 12 wkma. In October, it did not turn to bull because SPY too strong 12 wk 6.9%. 52wk ROC was still -16%. At that time, no chance to turn by … Continue reading →

Sloping down….negative social mood.

BUT these surges last 2 weeks then fall….see March 2022