More Consolidation…
S&Ps at 1091 as the market continues to hold and consolidate in our support area of between 1092.50 and 1090.50.
Below this area, we have key numbers 1088 and 1085. Below 1085, we could see a sharp move to the downside. Some aggressive selling this morning has taken this market well off the lows over 1100.
Nasdaq is trading at 1386, well off its highs.
This market is now just below a neutral zone at 1395 to 1387. Below this, we have support around 1369.
This market has been very volatile. On the upside, above the highs we have a target at 1431.