Pushing Higher
S&P futures pushed higher, above 1070 with supportive bids on the downside at 1068. What we’ve seen is an order-driven rally at the bottom of the hour.
As we said in the Morning Meeting, we need to get above 1060 to get out of immediate danger for the downside.
Nasdaq futures have hit a new session high at 1241 after meeting and exceeding the target zone between 1230 and 1237. Locals have been on the buy side from 1226-1223. Remember, the NDM settled on Thursday at 1246, and we have a 1253 session high on Friday.
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