This morning, the S&P 500 Index e-mini futures (ES Z1) are trading higher by 13.50 points to 1226.00 per contract. The catalyst for the bounce higher is better economic news out of Europe and the United States. Traders must still be prepared for a volatile trading session as news out of Europe can turn these markets on a dime. The major stock indexes in the United States have been down for three consecutive trading sessions and today could just be a short term bounce from an oversold condition.
