First Look: 2023-02-17
S&P 500 futures drifted lower over-night to test a shallow wave [III] support at 4063.50. There was an attempt to bounce before the open and one after 10am but thus far old support turned resistance at 4880.50 to 4086.00 has held. I prefer an eventual new low on the day around 4040.50 to 4035.00. 4011.50 to 4003.25 is not out of the question if there is an acceleration late in the day.