Slowing Down
S&Ps are trading at 1172.50 in a slow and choppy late-morning trade. We’ve seen buyers at the downticks, but activity has been comparatively light.
Earlier, the market failed at attempts to make a new session high. On the upside, we have targets at 1176 and 1178.30, which should provide a solid, two-way trade.
Nasdaq is trading at 1709 as the market holds above our key area from 1695 to 1708. Earlier, we put in a new session high at 1716, but then traded back down to the 1711 area.
All in all, this has been a good morning session for the bulls in Nasdaq futures.