Founders Note for: 2022-05-09 07:19 EDT

Macro Theme: A break of $4,200 invokes our “lower bound” conceptWe see substantial, longer-term support at $4,050 due to large open interest at $4,000.A break of $4,000 invokes "capitulation" risk Daily Note: Futures have dropped to 4035 from overnight highs near 4100. Its clear volatility will persist today, with large support at 4050 & 4000. […]