First Look: 2022-10-19
S&P 500 futures were taking on the chin during the European morning session as they gave back the afternoon gains from yesterday. That left the market retesting the low from yesterday just after the cash open. I not surprised by the rise, it has just come earlier than expected. I was thinking more of a sideways holding pattern prior to around 10:30 to be followed by a recovery late in the morning and through the afternoon. They moved up the schedule a bit. Now think a bit of a pause late morning against 3743.00 though I think there is a decent chance to eventually grind over.