First Look: 2022-08-22
My base case is that there is one more high left in the equity indices but while I thought there would be a gap down today, this is deeper than I expected, so the alternate count, where the bounce high is in, is certainly gaining in probability.
Will be watching 4149.00 and 4137.75 this morning for support. Bears are in control while under 4175.25.
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