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.

about it at TradingMarkets World