First Look: 2022-01-01

S&P 500 futures have been soft overnight with most of the decline taking place in the Asian session. I’d like to see a test of 3914.25 or 3897.75 today prior to a bounce but don’t be too stubborn about a new low before a bounce if futures recover 3937.25. On a bounce, first resist is at 3958.75.

Next support at 3914.25