First Look: 2022-07-27

S&P 500 futures did well overnight which leads to a minor bias up this morning to push for 3977.25 or even 3994.00 prior to the FOMC statement this afternoon. Once on top of 3994.00, aim for 4044.00 or 4068.25. If things go wrong, under 3928.25 invites a push to 3898.50 or more, say 3871.50. Net, absent a surprise, I think the market wants to rally. Yes…