First Look: 2023-02-01
S&P 500 futures have been sideways to lower overnight as we wait for the S&P Manufacturing PMI at 9:45 and the ISM Manufacturing PMI at 10:00. Later at 14:00 is the FOMC statement followed by the press conference at 14:30. It that was not enough, Meta earnings are after the bell.
I prefer a consolidation into mid-morning, say 10:20 or so, followed by a push back up into mid-afternoon prior to the FOMC statement. Support this morning at 4069.75 and 4060.00.