A few things to consider, on the macro side of the house: Jerome Powell, while ambiguous, did not distance the fed from a potential longer rate hike cycle, nor did he commit to the current terminal rate. 25 BPS and high employment inclines me to believe that inflation will go up MoM. On the technical side of the house, the highlighted area is where we've seen reversals and this is where we took a down turn in August, after that last June-Aug 2022 rally. Planning on moving to the G-Fund, based on reaction to this zone. I am not committed to a bearish or bullish thesis BUT things do seem eerily similar to the aforementioned rally.