S&P 500 Index Futures Trading Higher

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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 higher by 6 points at 2059 in Thursday's session. After trading lower for most of the after-hours and pre-market sessions, the index found support at 2048.75 and rallied to 2064.75. Since making the high, it has retreated to the 2060 level and is attempting to stabilize. The next identifiable resistance level if the current high is breached stands at Tuesday's high (2076.75). All but one of the top 10 components of the index are in the green. The lone loser being
Microsoft CorporationMSFT
, which was trading lower $0.25 at $40.47. Shares of the
SPDR S&P 500 ETF TrustSPY
traded at $206.52, up $0.82.
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Posted In: FuturesTechnicalsIntraday UpdateMarketsMoversTrading IdeasPre-market outlook
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