After the VPCI W capitulation bottom signaling the 21st of June,  capital flows have since leveled out, yet remain well below trend.

The S&P 500 has a strong support floor @ 3600, and a rising ceiling just above 4200. It appears the market maybe presently stuck in a range between these two points, 3600 on the bottom end and 4200 (and rising) on the top end.

Updated: 7/11/2022

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