First Look: 2021-03-01

A shallow retrace or a deep retrace, that is the question

The S&P 500 has been bouncing around in a relatively narrow ten point range overnight. They seem to be holding off the decision as to whether to run with a shallow retrace or a deep retrace for the day session today. If the futures begin to base above 3851.25, allow for a push to test 3869.25 if not 3889.25 later in the day. If under 3842.00 and 3837.75…