S&P 500 Index Futures Range Bound

'' S&P 500 index futures are trading lower by two point at 2122.50. The index has three consecutive days of less than average daily ranges and appears to to be on its way to a fourth one. So far, the index has found resistance just above its all time closing high (2126), reaching 2126.75, On the downside, it has breached Tuesday's low (2121.25), but only declined to 2119.25 before rebounding. Its two top components Apple

and Exxon Mobil

are slightly in the green. Two of its components in the financials,. which has buoyed the index over the last few days, Wells Fargo

and JP Morgan

are trading modestly lower.