Key to S&P bottom formation is 10 YR Treasury Note Yield (TNX)

Until we see Monthly ROC of Treasuries >0 followed by <0 the S & P (SPX) cannot form a bottom. Caveat small sample size. NOT ADVICE. DYOR.

Construction details on chart.

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Beyond Technical AnalysisTechnical IndicatorsSPX (S&P 500 Index)TNX

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