Finding Support
S&Ps trading at 934.50 after finding support just above Wednesday’s low at 931.30 We’d be surprised if the S&P futures could get back above 937.50 before noon Central.
On the downside, as we stated in the Morning Meeting, we then have key support in the area of 932 to 931. Below that, we have major support at 927.70.
Nasdaq, meanwhile, is trading at 1001 after finding support around last week’s low at 994. Below this, we would expect support at 988.