S&P 500 futures jumped from 7,436 to 7,577 ahead of CPI, shifting from oversold to neutral as traders weighed whether the rebound can extend. Scott Redler flagg

S&P 500 futures jumped from 7,436 to 7,577 ahead of CPI, shifting from oversold to neutral as traders weighed whether the rebound can extend. Scott Redler flagged 7,630 as key resistance and said the market may stay range-bound pending the 8:30 data.