Quieting Down
The S&P futures market has quieted down considerably in the late morning, holding the range between 1083 and 1088. The trading pit is very slow at the moment.
If activity picks up later, we will likely see a choppy trade up to 1088. We need to get above 1088 for the upside to have a chance. On the downside, we have support between 1080.50 and 1078.
Nasdaq futues are trading between 1406 and 1426, staying above its support area around 1400. We would need to sustain trading above 1427 to move toward our next upside target of 1447. On the downside, we have a neutral zone from 1405 to 1390.