First Look: 2022-06-03

S&P 500 futures have been soft overnight and continued lower after the NFP numbers. The new swing high in cash yesterday could mean that the form for ‘a’ is complete and that we are ready to start down in the early stages of wave ‘b’. Yes, we could see a morning bounce from near 4103.25, but I am not sure it will be more than a mere bounce. I’m open to …