Slow Trade
A slow trade in the S&P futures at the 1130 level. Thus far we have seen a limited range — and little interest in the trade at mid-day.
Earlier, we retested recent highs at 1131.50, breaking above a resistance area from 1129 to 1131. This is area now holds as support, we’ll look for 1135.50.
Nasdaq is trading at 1575 in a thin and choppy market. Earlier, we failed to take out the 1580 level in a quiet trade in the pit. On the downside, we have support around 1563.