The S&P 500 Index Outlook for today (Tue) – published last night – stated: “For Tuesday, the models continue to indicate the risk tilted towards a move up to test the 2735-45 region before further directional bias could pull the index in either direction”.
The overnight futures market already (as of now, 9:00am EDT, the e-mini futures ES trading at 2738.50) approached this upside range by registering an overnight session high of 2741.50 so far (roughly equivalent to 2740 on the index).
For the implications of this level and the detailed trading plans, click here for the full outlook/forecast report.
We wish you the best of luck with your trading/investing!