First Look: 2022-10-05
S&P 500 futures have been leaking lower overnight and through the European morning. This is either a lower degree wave four in the climb up in ‘a of (ii)’ or early in wave ‘v of (iii)’ down. If the former, bulls need to defend 3736.50. Under 3721.50 would be early confirmation that wave v down is getting started.
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