Sustaining
S&Ps are trying to sustain a trade above 1090 in a quiet range-bound lunch-hour trade. The pit is extremely quiet.
Earlier, we saw some good buying at the 1091 level, which took the market to a new high on the session at 1094.60, at the top of a resistance area. Keep an eye on the 1094 level for a possible upside break this afternoon.
Nasdaq is chopping around the 1450 level. We need to hold the 1448 level for the uptrend to remain valid. On the upside, we have resistance at 1465-1468, and then 1470.