Slipping Back
S&P futures slipped back to the 1160 area after putting in a new high at 1163.50. Strength in the Nasdaq has helped push this market higher.
But at mid-day, the trade is quieting down. Local traders are dominating most of the action.
On the downside, we have key support at 1160 to 1158. On the upside, the next significant target would be 1166-67.
Nasdaq futures are at the 1660 area. We expect the range from 1650 to 1670 to present a quiet trade.