Keep An Eye On The Nasdaq
S&Ps put in a new session low at 874.50. Keep an eye on the Nasdaq; if it goes lower, S&Ps should follow.
Nasdaq futures trading around 960, and appears to be in consolidation mode.
As we said in the Morning Meeting, if S&Ps sustain a trade below 877.50 to 876, it would target a move down to 868. On the upside, the first key area would be 887 to 888, and then 891 to 892.