S&P 500 Index Futures Trading 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 four points at 2105.25 in Tuesday's session. After a higher open in the pre-market session, the index found resistance above Monday's close (2109.25), reaching 2112.75 before selling off sharply to 2094. During the regular session, the index has made a few attempts to reach the close, but has turned back at 2106.50. On the downside it has found support just above its May 26 low (2096), only reaching 2096.25 before rebounding back above 2100. Only two of the top 10 components of the index were in the green.
Wells FargoWFC
was trading higher by $0.16 at $56.20 and
General ElectricGE
was higher by a nickel at $27.34. Leading the way on the downside was
Apple Inc.AAPL
which is off by $0.54 at $130, and
Procter & GamblePG
which is trading lower by $0.43 at $78.42. The
SPDR S&P 500 ETF TrustSPY
was trading at $211.39, down $0.15.
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Posted In: TechnicalsIntraday UpdateMoversTrading IdeasPre-market outlook
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