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.
If you like charts, and would like market commentary from someone who is truly independent… subscribe!
Yours, charts 24/7/365