Overview +TLDR If you haven’t already, I recommend you read the Cycles 101 Overview which will give you some important background to understand the details below. Last week we saw a bullish reaction to the FOMC rate hike and subsequent press conference as Powell indicated any rate hikes going forward would be “data dependent”. Regardless of what the news was, we saw a bullish reaction with SPX closing just a few dollars away from forming a monthly swing low. That said, we are relatively late ...