S&P 500 Futures Trading Lower In Volatile Session

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 21.25 points at 2103.25 in Tuesday's session. The index has finally broken out of the near-22 point trading range (2112,25 to 2134) that has persisted since May 18.

In premarket trading, the index found resistance ahead of the all-time high close (2128), only reaching 2127; it traded in the red for the most of the holiday premarket trading, on Sunday night and Monday.

Off the opening of the regular session, sellers flooded the market from the start, peaking at 2119.25.

All of the index's top ten components are trading lower, with JPMorgan Chase & Co. JPM leading the way off by $1.11 at $65.36. The issue bested its former all-time high from March 2000 ($67.17) by $0.02 last week, reaching $67.19 before drifting lower for the remainder of the week.