Favoring The Upside
With S&Ps favoring the upside today, the 910-911 should be key for this trade. The upside target for the day will be the Nov. 18 high area at 916-917.50. On the downside, the support levels for the short-term are 905 and 902 to 901.50.
For Nasdaq, the key level on the upside will be 1065. If it can sustain a trade above that level, the targets are 1070, 1074 and the Nov. 18 high at 1077. On the downside, we expect support at 1055.