First Look: 2022-07-05

S&P 500 futures did well enough last night but fell apart in the European morning. That selling early this morning continued into the day session open and has resulted in a retest of the lows from last week. While under 3769.25, I prefer a minor new low against 3728.25 to 3717.00 to complete and [A]-[B]-[C] down from the high of June 28th for a ‘b’ wave…