Hanging On
S&P futures made a new high by 0.50 at 1041, but overall a very thing trade between 1038 and 1041.
The bottom line for this market is that if we trade below the 1138 level, then the 1136.50 area must hold for the upside to have a chance.
Nasdaq futures traded to the high at 1184, then retreated back to the 1179-1172 support area. The market is very thin at the moment.
For the upside to have a chance later today, we need to hold this support area at 1179-1172.