First Look: 2022-05-24

S&P 500 futures leaked lower overnight to lean on support at 3918.50. Might get a bounce from here in the morning to test resist at 3942.75 or 3962.00. I expect this current retrace to either last longer, bouncing around in this shallow retrace region, or to drop down into the deep retrace levels like 3878.75 or 3852.50 before working on a rise tomorrow.