This is roughly where I think we are in this major bear market cycle. The index is hovering around the 50 Month TEMA and the DXY is having in a large shorter term correction. IMHO the market is vastly over-reacting to a single monthly CPI datapoint and there's a lot more pain yet to come. I suspect strongly that the 100 and 200 Monthly TEMA are still in play over the next 12 months.