The Day Ahead: AM Edition: 2022-07-19

The equity indices are eager to leap up out of the retrace from yesterday

Jul 19, 2022

∙ Paid

S&P 500

Let us start here today. SPX ran over resistance in the morning fueled by positive news about Nord Stream 1 coming back on line tomorrow. So, what to make of the retrace yesterday. There is the primary, which treats it as merely the first wave of a wave ii correction and the current high a [B] of ii and due for [C] of ii down later today. The sec…

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