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When the Bear Market Will End

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It is simple, direct, obvious.  

Meanwhile, here we focus on the intraday stuff. Once again, the market has made an ostensible "bottom" in the premarket of the hourly ES S&P 24 hour futures. In order to confirm, the ES merely needs to end the first half hour of regular trading in New York above 3600. We might then expect an epic massive rally to 3616-20. 

tvc_de8a95b5073bcf6bede1eb8f0fbaaf8a.png

Now what if they don't clear 3600? Then it will depend if they hold above 3570. If they do, this maddening trading range will go on. But if they break 3570, next stopping point should be around 3550. And if that didn't hold, 3530. 

In the Department of BTC Leads, the verdict has already been rendered. 

tvc_f4a809ba7123cf7833a41dad9d81717c.png

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Consumer Price Index Summary

Transmission of material in this release is embargoed until                                        
8:30 a.m. (ET) Thursday, October 13, 2022      USDL-22-1990
	
Technical information: (202) 691-7000  *  [email protected]  *  www.bls.gov/cpi
Media contact:         (202) 691-5902  *  [email protected] 

CONSUMER PRICE INDEX - SEPTEMBER 2022

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a
seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the all items index increased 8.2 percent before seasonal
adjustment.

Increases in the shelter, food, and medical care indexes were the largest of many contributors to
the monthly seasonally adjusted all items increase. These increases were partly offset by a
4.9-percent decline in the gasoline index. The food index continued to rise, increasing 0.8 percent
over the month as the food at home index rose 0.7 percent. The energy index fell 2.1 percent over
the month as the gasoline index declined, but the natural gas and electricity indexes increased.

The index for all items less food and energy rose 0.6 percent in September, as it did in August. The
indexes for shelter, medical care, motor vehicle insurance, new vehicles, household furnishings and
operations, and education were among those that increased over the month. There were some indexes
that declined in September, including those for used cars and trucks, apparel, and communication.

The all items index increased 8.2 percent for the 12 months ending September, a slightly smaller
figure than the 8.3-percent increase for the period ending August. The all items less food and
energy index rose 6.6 percent over the last 12 months. The energy index increased 19.8 percent for
the 12 months ending September, a smaller increase than the 23.8-percent increase for the period 
ending August. The food index increased 11.2 percent over the last year. 

https://www.bls.gov/news.release/cpi.nr0.htm

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