

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 Dec.
Now due to turn 52wk ROC and X 40wkma by May because SPY 12 wk is -0.4%.
