First Look: 2022-03-16

Mar 16, 2022

∙ Paid

S&P 500 futures rose steadily overnight on news China pledges to keep markets stable and positive Russia-Ukraine news. The day session is starting up near next resistance for a possible ‘e of triangle (b)’ at 4335.50. I favor a pullback prior to the FOMC this afternoon. Support is at 4285.75 and 4260.75 provided they drop under 4305.00 to get started.

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