On the Highs
The equity index futures markets traded at the intraday highs in the late morning, after an otherwise choppy, confusing and relatively thin trade in the morning.
S&Ps made it back to the session highs of 1177.50 in the late morning. If we can press higher, the next target is 1185. If we fail, we could go below 1172.
Earlier, we saw an absence of volatility and an otherwise lackluster trade that was dominated by locals.
NASDAQ also traded near its highs at 1664 this morning. Strength in key stocks and the Semiconductor Index has helped this market move back toward the session highs.
Resistance-wise, we see 1675 and 1685-1695. Keep an eye on JNPR, as well as the usual bellwether stocks.
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