All Eyes…
After trading higher this morning, S&P futures are quieting down, and all eyes are focused on Friday’s Employment Report.
S&Ps are at 1085.50, off the highs at 1087.30. We expect some resistance above this area, especially above the 1090 level. On the downside, we have support at 1080.
Nasdaq is trading at 1312, off the highs of 1320. The market was pushed well over the 1300 level on short-covering. Look for a quiet trade through lunchtime.
But overall, this market remains well-bid.