First Look: 2022-07-22
S&P 500 futures held 3982.50 overnight which is a minor positive for higher today. I have changed my short-term count to a 1-2-1-2 type count where we are now in [III] of iii up off the (b) wave low. Next overhead target at 4019.25. This allows for higher today and perhaps Monday followed by a modest correction into the FOMC meeting next week.
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