Failed Retest
S&Ps are at 1157. Earlier, a failed retest at highs of 1165.50 brought this market lower. The area of 1164.50, which includes yesterday’s low, to 1166 remains strong resistance.
It is a choppy locally dominated trade in the pit with little dealer activity.
Nasdaq is trading at 1678, below the support zone at 1688 to 1682, which is now resistance. On the downside we have a target at 1662.