First Look: 2022-04-13

S&P 500 future managed a bounce overnight but were under pressure in the European morning such that most of the advance was retraced. The rejection of 4422.75 is a minor negative which could result in a retest of 4376.50 early this morning. I still have a bias to a better bounce but need to recover 4394.75 as a first step. Bulls then need to push for an…