First Look: 2022-11-15
S&P 500 futures have been on a drift up since the day session close yesterday. Futures then spiked up on the PPI number before retracing much of that spike in the cash open. So far, S&P 500 futures have been working to recover and retest the premarket high of the day. I’m not certain that a new day session high is a sure thing but certainly possible while above 4013.50. I still remain cautious and worry about this being a trap set for bulls.