SP 500 E Mini Futures

The S&P 500 is attempting to recover from a local low as futures push toward the 7,800 area again. Traders remain cautious as geopolitical uncertainty, elevated oil prices and rising bond yields keep the broader consolidation intact.

The S&P 500 is attempting to build on a rebound from local lows while remaining inside a broader consolidation phase. Traders are watching resistance near the upper end of the current range as geopolitical uncertainty, elevated oil prices and rising bond yields continue to shape risk appetite.