BTIG Chief Market Technician, Jonathan Krinsky, Quoted by MarketWatch – “US Stock Futures Retain Wall Street’s Rally Ahead of Powell Testimony and Jobs Data”

BTIG Chief Market Technician, Jonathan Krinsky, quoted by MarketWatch: “We think the counter-trend rally can carry a bit further, but expect the 4060-4080 zone on [the S&P 500] to represent firm resistance based on retesting the broken uptrend, horizontal resistance from the mid-Feb. breakdown, and the falling 20 da moving average. Above that, the high volume zone of 4125-4150 should act as more important resistance.”