Target In Sight
S&Ps traded to a new session low of 1142.50, just above a target zone between 1142 and 1135. As stated in our Morning Meeting, the market appeared poised to trade back to our former upside breakout level between 1142 and 1135. Only a settlement beneath this zone turns the picture to cloudy. A settlement below 1125 turns it to bearish.
Nasdaq meanwhile trailed off the session highs this morning and took out a key support zone between 1467 and 1463.
Click
here for your free seven-day trial to Lewis Borsellino’s E-mini Trade Service.