Consolidation Time?
S&Ps will probably need some consolidation time here at mid-day. But as long as they can hold above 888, they can run at anytime with the next targets at 890-891, including the pivot at 891.30 as outlined in the Morning Meeting. Above that we have 893.50 and 895.50.
On the downside, they would have to go below 886, then not get over 887 again to break trend. If that happens look for a test of 884.50-884, and possibly 883-882.50.
Nasdaq, too, appears to need some conslidation time. But as long as it can hold above 1078, this market may be poised to run to 1084, then 1087 and 1089-1090.
On the downside, they would have to go below 1075, then not get over 1077 again to break trend.