The Lows Again
S&P futures made a run back to the session lows and traded around the 1075 level. This was in the middle of our support zone between 1075.50 and 1074.50.
As stated in our Morning Meeting, we have support below 1075 at Wednesday’s low of 1073.80 and then key support at 1072.50.
Nasdaq also moved back toward the low of the day, trading at 1335. On the upside, resistance extends from unchanged to 1352 with the market failing once again at lower levels. We also see support on the downside between 1334 and 1332 and then 1329.
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