S&P 500 Before opening bell

• Trading at 61.8% retrace level now. If breaks and trades above this level we can expect a positive opening for the indexes.
• Getting resisted at this level will be negative for the bulls

CHART-I

• S&P 500 futures with Fib levels.
• Yesterday SPX met with resistance at 50% level. Right now index is trading at that level again.
• More upsides are possible if the index takes out 50% and 61.8% levels convincingly.