S&P 500 Futures Appraoching All Time High

After a strong move on Friday to the upside, S&P 500 futures are following through in Monday's trading. The brief decline off the open, found support just ahead of the premarket low (1762.75) at 1764. The ensuing rebound has taken the index into the 1770 handle. If the rally continues, the index may find resistance at the all time high of 1774.50.