Here’s The NQ Support Level
At mid-day, it looks as though the sideways range for the S&P futures will extend down to 923.50. For the downside to take over, this market would have to break below 922, and then head for 920-919 or 917-916.50 and possibly the low of the day at 915.
As long as the market stays around 924-925, which we outlined in the Morning Meeting, we do not expect a big move to the upside. We’d have to get above 930 for the rally to resume.
Nasdaq’s sideways range looks like it will extend down to 1080. For the downside to take over, we’d have to go below 1075. For the upside to gather steam, we’d need a trade above 1090.