First Look: 2022-12-05
S&P 500 futures were under modest pressure overnight and continued lower just post the New York open. The pattern is messy, but I’m willing to give bears the benefit of the doubt and see if they can push lower today toward 3982.00 or 3964.75. I’m sticking with my idea of a possible wave [b] complete late last week and still in the very early stages of [c] down.