In the News…
News headlines from earnings warnings, the Employment Report and the latest China-U.S. developments have rocked this market.
In the late morning, S&P futures are trading at 1143.50, just below the opening range of 1144-1145. Also, we’re above our neutral zone at 1137 to 1141, established earlier today.
A trade above that opening range would make the bulls happier.
Some buying interest was triggered below 1137 as new lows were put in at mid-morning at 1134.
NASDAQ was trading at 1480 in the late morning. A trade above 1484 would improve the outlook for the upside.
Support is from 1452 all the way down to 1445, and selling should accelerate below this level.