S&P 500 Breadth Still in Decline

It looks like SPX monthly is going to end September with a capitulation candle below support. I was expecting the September candle to close on the support base. Put options are still on the rise. Have to keep an eye on the yield curve at the short end. The very short end of the curve is still too steep to see a big downside potential in stonks. I think that might be why there is a lack of VIX call buyers. Lets see next mth. If the Fed is going to keep hiking until the very short end of the curve kicks up, then we could see some heavy downside in stocks yet to come in the next few years, with periods of bear rally's.