S&P 500 Afternoon Update: 2022-10-26

Decent equity recovery in the morning but stumbled in the afternoon

I want to get an update to you on SPX since it started to fall away from the high of the day just before noon. I’ll post intraday charts on other markets in a combined edition later in the afternoon/evening.

If we count and measure up from the higher low on October 14th, this measures out well as a possible wave (III) high and thus the afternoon drop can…