S+P 500 set for a higher opening later today but will it last?

As you know,  the US stock markets got hammered on Friday and that was led by the more than 2% loss in the Nasdaq 100. The slide in the broader market was defined by a fall close to 6k in the S+P 500. The index had reopened at 6,114.10 on Friday and then crumbled by more than 100 points, when it dropped to 6,008.56. That low was just a fraction underneath its 50 day moving average, which was in place then at 6,009.90. The index did avoid a daily close below that though, when ending the day, down 104 points on the session, at 6,113.13. The impact of the German election result has helped the S+P 500 opening outlook today and that has seen it push close to 6,050 earlier. The comments made here earlier today did point out; there were good reasons, beyond that German election uncertainty, to explain why the US stock markets tanked on Friday. Those have not been removed at the start of this week. So, we shall see how the S+P 500 fares later today. It is currently priced to reopen around 6,037