Under Pressure
S&Ps are trading at 1091, off nearly 14.00 this morning as pressure
continues in the
(
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PowerRating) index equity markets. As we said earlier, the
downside targets are at 1089 and 1088.50. The low thus far is 1088.80. Further
downside targets come in at 1077 and 1075.
Nasdaq futures are trading at 1409, off 31.00. The next big target on the
downside would be 1407 and then 1400. Earlier, we put a lull in at 1406.
Weakness has dogged this market since last week, and the Nasdaq has been the
weakest of the indices.
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