Recovery …
S&P futures trading at 1064 after recovering from the lows that were set on false Anthrax news. Now the market is quiet and digesting the moves made earlier.
Expect a quiet trade to continue through the lunch hour. On the upside, the first level is 1071-72.
Nasdaq is trading at 1246 also recovering from the false report of another case of Anthrax. If we can sustain trading in this area look for 1261 as the first upside target. On the downside, we see support around 1240.