First Look: 2022-06-28

S&P 500 futures did well overnight and had a burst right at the open to retest the high from yesterday but was faded. I’m inclined to give bulls the benefit of the doubt and call the morning high a (B) wave and the current drop (C) of [IV]. Support at 3888.50, 3871.50, and 3849.50 though prefer it firm up before that. Bulls need to see 3911.75 recovered…