First Look: 2022-11-03
S&P 500 futures extended their decline overnight and into the early morning today but held a wave v=i target at 3707.50 then bounced hard after the 10am economic numbers. I am penciling that in as wave (i) down from the [b] wave high set on November 1st. Now we see how much they can bounce back into next week in wave (ii). First retrace target for ‘a of (ii)’ is at 3760.25 followed by the 38% retrace at 3794.25.