S&P 500 Index Futures Trading Lower

em>Joel Elconin is the co-host of

, a daily trading idea radio show.

S&P 500 index futures are trading lower by eight points 2061.75 in Monday's session. The index is well off its premarket low (2034.25), that made Sunday night when the Greek referendum to approve austerity measures was defeated. Off the open, the index bottomed at 2049.25 and has been grinding higher, so far reaching 2062.50. If the rally continues there could be additional resistance at Thursday's close of 2068.75. The top eight components in the index are in the red. Leading the way on the downside is General Electric

shares which are trading lower $0.26 at $26.52. The top gainer is Facebook

shares which are trading higher by $0.10 at $87.27.