Rangebound Since The Highs
S&Ps are trading at 1124.50, up 17.60. It has been a rangebound trade since printing our 1127 high as S&Ps consolidate between 1122 and 1124.50. As stated in the Morning Meeting, our key resistance area is 1125.50 to 1127.80.
Nasdaq is trading at 1412, up 51.50 pts. The market is holding above our key zone between 1400 and 1404, outlined this morning. We did have a 30 minute. close above this area, which makes our upside target 1421.
Click
here for your free seven-day trial to Lewis Borsellino’s E-mini Trade Service.