Non-Event Trade
S&Ps are trading at 1147.80 in a non-eventual trade. Earlier, short-covering by local traders pushed S&Ps to a high print of 1151. On the downside, S&Ps have found support around the 1146 area.
Nasdaq futures are trading at 1590.50. On the upside, it may be a difficult trade above 1600 although we could see some more short-covering above 1607.
On the downside, we see support around the 1577 level.