S&P 500 Index Futures Find Resistance

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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 are unchanged at 2076 in Thursday's session. After trading down to 2067.25 during premaket trading, the index found support off the open at 2072.25 and mounted nearly a ten point rally. The rally found resistance in a familiar area at 2081.50. The reason being is that level is right in between the highs from the last three trading sessions. On Monday the index peaked at 2080, Tuesday at 2082.75 and on Wednesday at 2080.25. If the index can breach this major resistance area, the next identifiable resistance can be found at its March 25 high (2089.25).
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