Targets
S&Ps are trading at 928.50 after failing to make new highs on several attempts, although we may see higher levels after lunch. As we stated in the Morning Meeting, we have major target at 930 and above that, 934.50, followed by 936, 940 and 944-945.
The trade has slowed dramatically since the morning hours. On the bullish side we continue to hold above yesterday’s high of 921.50.
Nadaq is trading at 982 after making a high print of 987. The trade in Nasdaq has slowed, and became rangebound and choppy, at least for the time being. On the downside, we have support from 975 down to 972.
For more information on the Morning Meeting, please see: