First Look: 2022-04-12

S&P 500 futures continued their fall overnight to test support at 4383.50 in the European morning at which point they started to bounce. They then accelerated up on the CPI number this morning before starting a retrace before the open. That high is just short of the first resistance range for wave (A) at 4468.50 to 4477.00. There is some news hitting th…