First Look: 2022-08-12

S&P 500 futures have been rising since the Asian session last night through the European morning. I would like to see a lower high develop under 4242.50 but acknowledge that there is a chance of a new high while above 4206.25. If bears take back control mid-morning, try to push for 4183.50. If over 4242.50, there is a last chance retrace for a lower hig…