Choppy
S&Ps has chopped between 896.50 and 892 for much of the mid- to late-morning. It has been very quiet trade in the pit. As we said in the Morning Meeting, we have resistance at 892.50 to 895.50. With a sustained trade above 30 minutes above this area, the upside target would be 902.
Nasdaq buyers had defended the 920 area with a new high up to 927. We have key resistance from 925 to 929. Upside targets above this area are 930 and then 943.50.
For more information on the Morning Meeting, please see: