First Look: 2021-02-16

Perhaps a small consolidation in the morning before higher later today

S&P 500 futures have been drifting lower this morning which is consistent with the idea of a small consolidation before moving higher later in the day to stretch for 3965.25 or 3973.25. The morning after a holiday is often choppy so that also argues for some back and fill. Support this morning at 3942.25 and 3934.00. Under 3934.00 and certainly 2928.75,…