S+P 500 closes above technical resistance level

Yesterday the S+P 500 did eventually push past a noted correction level, in place at 5,454. The index rose to a session high at 5,463.22 and later closed with a gain of 20.78 points, at 5,455.21. Hence, that close was technically positive as it was above the Fibonacci price point. The index took its lead this time from the Dow Jones and the broader market, at the expense of the Nasdaq and the tech sector. The gains in the Asian markets overnight have helped to lift the S+P futures ahead of the European opening this morning. So, the recovery for the S+P continues and right now the index is priced to open higher later today. The call on that right now is around 5,465