First Look: 2021-03-03

Will the early morning selling continue? Prefer at least a little lower

S&P 500 futures bounced in the evening and very early morning today to recover most of the late afternoon drop from yesterday. Afterwards, there has been fairly persistent selling through the European morning into right before the day session open today. I favor a bit lower to at least test 3848.75 before much of a bounce. As to pattern, it is not cryst…