SPX Daily neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash.*Though we still need one more close above $3706 to confirm a short term bullish reversal, key support lines for other indicators are currently holding up and therefore lending a bullish bias to PA in the short term. JPow is scheduled to testify before Congress tomorrow at 9:30am (EST) and everyone will be listening for any hints of slowing down rate hikes or QT to further boost markets. PMI is scheduled to be released at 9:45am (EST) on 06/23, if it comes in lower than last month's prepare for another drawdown.* Price is currently bouncing off of $3706.52 minor support as a technical relief rally is underway. Volume is Moderate and currently on track to favor buyers for a second consecutive session if it can close today in the green. Parabolic SAR flips bullish at $4017, this margin is mildly bullish. RSI is currently trending up at 39 and is currently testing 38.06 resistance after bouncing off of both uptrend lines from 01/27/22 and August 2015 (at 31) indicating that both uptrends are intact in the short term. Stochastic is currently crossing over bullish and is trending up at 10.82 as it prepares to test 18.32 resistance. MACD remains bearish and is currently forming a trough at -105 as it is still technically testing -76.22 minor support; it would need to break above -76.22 minor support to cross over bullish. ADX is currently trending sideways at 27 as Price is either in a correction or reversal, this is neutral at the moment; if ADX begins to trend down as Price continues up then it would be a bit bullish, but if ADX continues up as Price retreats it would be bearish. If Price is able to continue up here then the next likely target is a test of the lower trendline of the descending channel from August 2021 at ~$3900. However, if Price falls back down below $3706.52 minor support, it will likely retest $3508 minor support for the first time since November 2020. Mental Stop Loss: (two consecutive closes below) $3706.52.