There is a modestly higher opening for the major US indices. A snapshot of the market currently shows:
The 4100 to 4101 area remains a short-term barometer for the S&P index. Recall that area was home to swing highs from December. The price moved above on February 1 but close back below the level on Thursday and stayed below on Friday. Getting back above the level would give buyers some added confidence.
S&P index is trading near the 4100 level
