S&P 500 Index Futures Trading Lower In Volatile Trading

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

'' S&P 500 index futures are trading lower by twelve points at 2100 in Wednesday's session. The index immediately found resistance just above its all time high close (2112), reaching 2112.50 in the after-hours session. A slew of poor earnings report had in the index in the red and the a poor GDP accelerated the decline. The ensuing sell off found support at 2095.25 in premarket session. Off the open, the index found support ahead of that level, only reaching 2098, before rebounding to 2007, Since making that high, the index made a new intraday low at 2097.25 and is attempting to rally once again.