First Look: 2022-02-17

S&P 500 futures have fallen back overnight on renewed geopolitical concerns. I don’t think lower is required but is certainly possible. I wouldn’t be shocked at a test of 4422.00 this morning where we find out if the relatively shallow retrace is good enough or if they decide to push for a deeper retrace in the 4409.50 to 4395.75 range.

The morning could…