E-Wave for the S&P 500 Index

[jxyzobrien]

Shane s- bank liquidity issues
bonds became worthless when rates went up to fast
and some bad loans too

so the fed stepped in and gave the banks money for these bonds
and bad loans. Now when the bonds come back to par they will give
the money back to the fed.

So the banking issues were addressed by the FED.
and liquidity was restored.

Now if new issues arrive they will have to be dealt with

Shane studies the fed daily so i am confident in his analysis.