Hourly On A Buy
With S&Ps at 881, the hourly indicator is now on a buy as long as this market stays above 879.50. Another sign for the upside would be a sustained trade above 881. If that happens, the upside targets would be 883, and then 884.50-885. On the downside, below 878.50 they should test 876.50-876, and possibly 875-874.50.
As for Nasdaq futures, as long as they can hold above 1053 they should try for 1057 and then 1059-1060. On the downside, if they have trouble staying over 1053, look for 1050 and then 1048-1047.