Downside Targets
S&Ps are at 929, and if 926.50 is broken we would only expect limited downside — unless the Nasdaq and the Dow show more weakness. If that occurs, the targets would then be 922.50-922, and then 920-919. To improve the outlook, they would have to show staying power above 932.50.
Nasdaq is trading at 1105. Downside targets are at 1102, 1100, and 1098. To improve the outlook, Nasdaq as a minimum will have to show staying power above 1112 and then 1115 to get to neutral.