First Look: 2022-05-18

S&P 500 futures started drifting lower in the early morning and accelerated from just after 6am. That there was little fight at 4005.75 is a negative and greatly increases the odds that the alternate count, where the high yesterday was a iv, is becoming active. At this point we could easily see 3946.25 or 3915.75 tested later today.

Looks like the altern…