First Look: 2022-07-14

S&P 500 futures took a turn for the worse in the European morning and have been under pressure into the day session open. This looks more like a developing (b) wave at this point than a ii although still holding the June 30th low. Under 3738.25 invites a press lower to test 3713.50. Bulls need over 3776.25 to get any real traction and later 3814.50 to r…