Upsurge
S&P futures continued their upsurge into the early-afternoon session, trading up to a new session high of 899.50. With a sustained trade above the key resistance level of 896.50, we see the potential for more upside is growing stronger.
As we stated in the Morning Meeting, the ultimate upside objective would be 915. But along the way, we would anticipate a trade that will be choppy and filled with air pockets.