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S&P 500 Index Futures Attempt To End 3-Day Skid

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

S&P 500 index futures were trading lower by four points at 2074.25 in Tuesday's session. The index is poised to have its fourth losing day in a row for the first time since mid-January.

The index has found resistance in the same area, topping out in the pre-market session at 2082.75, coming close to that level off the open, but came up shy at 2082.

On the ensuing decline, it found support ahead of the pre-market low (2068.75), only reaching 2070.75 before attempting to rebound.

Its top component has the been the biggest drag on the index, as Apple Inc. (NASDAQ: AAPL) was trading lower by $1.70 at $126.10. Despite the index being in the red, seven of its top 10 components are in the green. The biggest gainer is Wells Fargo (NYSE: WFC), which was trading higher by $0.25 at $56.37.

The SPDR S&P 500 ETF Trust (NYSE: SPY) was up $0.20 at $208.68.

Posted-In: Pre-market outlookTechnicals Intraday Update Trading Ideas


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