LIBOR3 and SPX S&P 500 Daily Charts; Libor Prints All-Time Low

LIBOR3, the 3-month London Interbank offered rate, is at its all-time record low. That's funky. Short-term interest rates are set off Libor. Whoopie ding. It only matters if it is a useful stock trading pattern. Keystone has been called a lie and a bore but he promptly informed the person that is not the Libor he is discussing.

Note how each time the Libor came down to make a bottom, then started up, that blue hook pattern, that led to market selloffs including the May 2015 top that Keystone calls the last legitimate top in the stock market. A dipsy-doodle occurs at the end of last year and here we are again.

Libor has no where to go but move higher from here. It may bounce sideways but it is already at its all-time record low. When it goes up it will be a hook pattern and......  What will happen?  This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.