On the March…
S&Ps are on the march here toward the highs at 1123.50, but may face some tough resistance. We need to make new highs to keep the upside momentum moving.
Earlier, local short covering pushed this market higher. We have support on the downside at 1117, 1116, and 1115.
Nasdaq at 1539 on strength in key tech issues. We need to hold above the 1533 level for the upside to continue. Otherwise, look for the sellers to become more aggressive.