Evening Update: SPX Local Top Imminent

10 ส.ค. 2022

Today the SPX and ES Futures made a new nigh and whereas I can stomach 4229. I'm calling it good with the high of 4212. OMH is at this point a marginal concern. What is the focus now is will this decline be a B wave with higher levels to come in the 3rd quarter. I do not know the answer to that question...what I can share definitively is from a technical standpoint this high COULD be all of B and new lows are next on the menu.

Best to all,

Chris