First Look: 2022-05-23

S&P 500 futures gapped up on the Sunday evening open and have held up through the overnight and into this morning. Being on top 3910.25 is a positive for higher. Next step for bulls is to base above 3910.50 and grind for 3969.75. I like higher but concerned about a retrace late today or early tomorrow to work on a higher low.

Probably have a modest retra…