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S&P 500 Index Futures Slightly Lower

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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 two points at 2097.75 in Thursday's session. During pre-market trading, the index found resistance just above Wednesday's close (2099.75), reaching 2102.75 before declining and finding support above Wednesday's low (2087.25), reaching 2089.00.

So far during the regular session, the index has traded in a narrow range from 2092.75 to 2097.50. At this time, all of of the indexes top 10 components are trading in the red. If the index can clear the pre-market high of 2102.75, the next potential resistance level may be at Wednesday's high (2105.50).

That high corresponds with a pair of highs in the index from March 20 (2106.75) and March 23 (2107). The all-time closing high for the index stands at 2106.50.

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded at $210.19, down $0.28.

Posted-In: Pre-market outlookFutures Technicals Intraday Update Markets Trading Ideas

 

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