Support Holds

S&Ps are trading around 1132.70 after support held between 1129 and 1128.

The higher we get above the 1132 level, the more the short-term selilng presure should be off. Buyers, however, have been scarce at higher levels.

Nasdaq is trading at 1588, at the top of a key resistance area.

Earlier we saw a grinding lower trade, but nothing dramatic. Keep your eye on
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