The Big Question
S&Ps are up 8.60 at 1083, and the question for today is whether we will be able to hang onto and build upon gains from yesterday.
On the upside, we have key resistance at 1086.50 and major resistance at 1087.50. On the downside, we have 1081, 1079 and 1075.
Nasdaq is trading up 27.50 at 1277.50. For today, we have resistance between 1281 and 1284. If we get above this, 1294 becomes the target. We have a patch of resistance between 1293 and 1296.
On the support side, the first leg of support is going to be 1273 to 1269. Under that, 1265 to 1261 is support. Through this, we should go down to unchanged at 1250.
Once the Dow went above 9000 yesterday it was off to the races, settling at 9124, and squarely targeting the 9500 level.