S&P 500 fut is close to the overbought territory - Natixis

Since the daily stochastic for S&P 500 fut is close to the overbought territory and as the daily volatility has started to stabilize, analysts at Natixis expect the contract to consolidate its recent gains by falling back to 2427 (9-day moving average) ahead of eyeing 2416 and the support at 2407 (daily Bollinger moving average). 

Key Quotes

“Note that a break below the latter support would affect the daily upside trend, paving the way for a deeper consolidation move towards 23852389 (daily parabolic).  The resistances stand at 2443, at 2462-2474 and at 2492-2500.”