U.S. stock futures are pointing higher on today’s open ahead of Thursday’s market close for the celebration of Independence Day. The S&P 500 closed Tuesday at an all-time high, and it looks like the index will climb higher in today’s abbreviated session, the stock market will close at 1 pm ET. That would make it a third record breaking day in a row. Stocks climbed at the start of this week after President Trump met with China’s Xi Jinping and agreed to a tariff halt and to resume trade talks, this took place in Japan at the G20 summit. The switch to a more relaxed monetary policy is also helping stocks as lower interest rates make it cheaper for companies to take on more debt.
Resistance is checking in today at 299000 and 299500, with support showing around 296800 and 295000.
E-Mini S&P 500 Sep ’19 Daily Chart