One twelfth left

It was a bullish month for equities, SPX +208pts (5.4%) to 4080. Wednesday’s massive upside reversal on Powell fedspeak, has resulted in the first monthly settlement above the 10MA (4057) since March. Any price action much above 4100 will offer a straight run to the 4300s.

We’ve just one twelfth, 21 trading days left of 2022.

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