Key Zone
For S&P futures, the key zone for the trade appears to be 890 to 892. The market will have to sustain a trade above or below this level to see a move in one direction or the other.
On the downside, as noted in the Morning meeting, we have support at 889.50. Below that, if the market does not bounce off the 888-level, we would expect a move toward 886-885, and then 883-882.
On the upside, above 892 the market should test 894 and then 895.50-896.
For Nasdaq futures, the key zone appears to be 1078 to 1083. On the downside, below 1078 the targets are 1076 and then 1074-1073. On the upside, above 1083 look for 1085, then 1087, then 1090.