First Look: 2022-02-24
S&P 500 futures down hard overnight on the Russian invasion of Ukraine. Am I giving up on the [B] wave hypothesis? Not yet. So far the depth under the January 24th low is not extreme. The alternate certainly is possible which would treat this as a wave (III) and any bounce a (IV). I think it fair to allow for initial softness on the open but not sure it…
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