Crucial
S&Ps are trading up 0.20 at 1129.50 and face a crucial range today between 1125.50 and 1134.
If we can get above it, we have a band of resistance at 1134.50 to 1136.50. Above that, we have 1142.
Below the crucial range, we have support at 1125.50, and then key support at 1122.50, followed by 1120 and major support at 1116.50.
Nasdaq is trading down 3.50 at 1452. For today, the first band of support is between 1448 and 1444. Beneath this, we have yesterday’s low at 1441, and then support between 1439 and 1433. If we move below 1433, our target on the downside becomes 1408.
On the upside, the first band of resistance will be between 1460 to 1468. If we can get above this, the upside target becomes 1486. Along the way, 1474 to 1475 is resistance, as is 1483 to 1487.
As for the Dow, it had its first close below 10,000 since April 9. The near-term support is 9800 down to 9750.