The S&P market has been in turmoil lately. Price has been working itself lower all year. Of course there have been a few bounces over that time, but overall it has moved lower. This does give a bearish bias to the market to most people. However, we must keep an open mind even though the best trade in 2022 has been to be short. There are clear levels that can take price higher as well as those that take price lower.
There is a lot of support under the market currently. There is also a good chance we could see a bounce from current levels. That gives us a bit of an edge in trying to trade the market. Personally, I am looking for a bit of a bounce. What are you looking for?