First Look: 2022-12-20
S&P 500 futures were soft overnight and pushed down against a possible wave iii extended target at 3810.50 very early this morning. Since then, futures have been bouncing in what I think is the early stages of a wave iv bounce. Bias is higher to test at least 3875.50 if not 3911.75 later in the day followed by another attempt at pushing to a new swing low to complete the first impulse down from December 13th.