6:22AM: SPX futures are up to 4253, top of an ascending channel. There’s news that the debt ceiling increase has passed. The S&P Bank Index is still holding at resistance at SMA50. MMV, a Chinese stock, is gapping up 220% on news of acquiring an equity stake in another company. I’m not sure how tradable that news will be, but I’ll keep an eye on it.

6:28AM: SPX futures are at 4191. It’s still holding within its recent range. There’s news that the debt ceiling bill has passed in the House. The S&P Bank Index is at the bottom of its current range:

6:27AM: SPX futures are down to 4195. The debt ceiling proposal is being put to a vote today. The S&P Bank Index is still holding steady:

6:24AM: SPX futures are up to 4237, breaking above its recent range. There’s news of a tentative agreement on the debt ceiling: The S&P Bank Index is still holding where it’s been at:

6:26AM: SPX futures are at 4168: The S&P Bank Index is still where it was, holding below the SMA50:

6:27AM: SPX futures are at 4161: The S&P Bank Index continues to hold steady:

6:30AM: Starting a bit late this morning. The SPX has opened at 4129, down from yesterday. It seems like there’s continued uncertainty around the debt ceiling and around the Fed’s plan with interest rates. The S&P Bank Index is holding steady, below resistance:

6:28AM: SPX futures are at 4187: CWBR is gapping up 192% on news of a merger; the terms have not been publicized:

6:25AM: SPX futures are at 4205, testing the top of the recent range: The S&P Bank Index is holding below its initial range: