First Look: 2022-08-23

S&P 500 futures did make a new swing low in the European morning before a strong bounce took them up to around the Globex hourly 20 EMA before easing back down right to the NY open. It thus has the look for a reverse head and shoulders pattern ready to break up which some traders are playing for right off the open. Probably need past the news at 10:00 t…