New Session Highs
S&P futures set a new high at 1150.50, up 18.00 on the session. The grind higher has been steady and consistent. On the upside, the target would be 1160.50, with sustained trading over 1150.
As we stated in the Morning Meeting, above 1149.50, the upside improves, with targets above 1150 at 1151.50, 1154.50, and then 1160.50.
Nasdaq put in another new high print for the day at 1491 on strength in the Semiconductors
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PowerRating) and is approaching the 1494-1496 resistance area. The next upside target for the Nasdaq would be 1505-1513.
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