Midday Update: 2022-12-27

Working on a higher low from which to bounce from?

The S&P 500 put in a decent bounce from support at 3813 this morning but wasn’t able to establish itself over 3842 and more importantly 3864. I’m leaning towards a higher low forming mid-afternoon that allows SPX to challenge 3864 late in the day or tomorrow morning.

Bias to a higher low forming mid-afternoon