S&P 500 futures are rising by 0.95% to
5,721 points on Monday, breaking above the resistance at 5,680–5,700. If the
index holds above these levels, it could advance to 5,780 points. However, an
opening gap signals a possible pullback towards 5,670, as such gaps are
typically closed quickly in the first U.S. trading session. This time, though,
an exception might occur, as large investors continue to exit the market.
The SPDR S&P 500 ETF Trust (SPY) reported
net outflows of $21.03 billion last week, excluding Friday, up from the
previously reported $9.86 billion.