Light Activity
S&P futures traded down toward the 1062 area, but was unable to trade below our opening range. Activity is light in this area, but still bearish.
As we said in the Morning Meeting, we have support between 1061.70 and 1060.20. On the upside, we have key resistance between 1063.90 and 1065.50.
Nasdaq continues to trade lower as locals press the short side. Earlier, the market struggled at resistance levels from yesterday afternoon, and the market could not find any continuation above 1230.
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