First Look: 2022-06-06

S&P 500 futures have bounced overnight from the Friday decline. I don’t trust this bounce, but I may have to get over it if futures begin to base above 4169.25 at which point another swing high around 4222.50 is possible. The immediate bearish case begins to get traction with futures under 4131.25 which should open the way to a test of 4067.75 or 4042.2…