S&P 500 futures reached fresh record high
The second half of 2021 has been launched in upbeat moods on the global stock exchanges. European stock market indices trade higher with the majority of blue chips indices from the Western Europe gaining more than 1%. Upbeat moods can also be seen on the other side of the Atlantic Ocean, where S&P 500 futures (US500) climbed above 4,300 pts mark. So far, it looks like markets are playing down risks associated with the spread of the coronavirus Delta variant. Improved sentiment can also be ascribed to a better-than-expected jobs report released by ADP yesterday.
US500 broke above the 127.2% exterior retracement of a recent downward correction this morning. Rally continued and the index broke above the 4,300 pts mark for the first time in history! A resistance zone marked with the 161.8% retracement is being tested at press time (4,304-4,305 pts area). Source: xStation5
