S&P 500 futures are 1 point above fair value headed into the open. Look for choppy moves at the open after many companies reported earnings yesterday evening and today.

The index gained 7 points on Monday in one of the lowest-volume sessions of the year. Always be suspicious of moves on low volume.

Technically, the April 10 high of 1872.53 is in view. It’s just a shade away from yesterday’s close at 1871.89.

SP 500 daily chart

S&P 500 daily