The analysis reviews charts from September 2025, providing reference points to monitor the market. On Friday Stocks ticked higher with inline PCE inflation report. FTEC relative to XLE in 2022 saw Inflation fears and this ratio has been declining since then. The speaker mentions the importance of fear of inflation and states that the S&P 500 bottomed in October of 2022. Reference points for S&P 500 includes a hypothetical drop towards 6300. 3 out of 32 signals were triggered prior to Covid crash.The speaker focuses on volume by price data, from tariff lows in april 2025 with various reference points to assess probability. The speaker states this will be reviewed next week and each week with open unbiased mind.