Low Zone
S&Ps were trading at 1060.20, just off the lows at 1059, in the late morning.
Overall, a steady two-way trade here. Also, a minor option expiration is impacting the trade today.
On the upside, this market has had difficulty generating interest above 1063. On the way to that target, expect a difficult trade between 1061 and 1059. On the downside, we have key support around 1055.
Nasdaq matched yesterday’s low of 1307, and then bounced to 1310. Nasdaq weaker on the Seminconductors
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PowerRating) and Microsoft
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PowerRating).
On the upside, we see resistance at 1325.