Slow Moving
S&Ps put in new lows at 945.10, with 941 as a downside target. Overall, this is a slow market, with the trading pit sparsely populated.
As outlined in the Morning Meeting, below 941, we have a target at 937.50. On the upside we have resistance at 949.50 and then 954.50-955.50.
Nasdaq futures have found support at 1018-1016 support. As long as we stay below 1030, expect more probing to the downside.
For information on the Morning Meeting, please see: