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S+P 500 futures lower this morning following record monthly close

On Friday the US stock markets pushed to set new all time highs in the Dow Jones and the S+P 500. Meantime, there was nothing of the same for the Nasdaq 100, as it trailed its peers again. There will be more to add on that and the Dow later. So, the S+P 500 lifted above the previous all time high, at 6,025 and extended the move to a new record, at 6,044.17. The index later closed out the month, at 6,032.38. Naturally, that was a record close across all immediate timeframes. The reader is once again reminded of the longer term technical picture on this index which indicates the prospect of a measured move towards 6,600 over time. As you can see, the close on Friday has done nothing to detract from that potential. However, the price action overnight and so far this morning has seen the S+P futures slip back and currently indicate a reopening around 6,021
 

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