Uneventful Trade
S&Ps are trading at 1247.50 after failing to attract any buyers in the resistance zone of 1249-1251. On the downside, S&Ps have a target of 1242.
Overall, this remains a quiet market. Locals are trading from both sides, but most of the major players have left the pit.
NASDAQ is at 1810 after dipping below the 1800 level but not penetrating as low as limit-down at 1786. The good news for the short term is the ability to hold over 1800. If that level breaks, look for limit down to again become the target.
All in all, this remains a quiet, uneventful and light trade.