Upside
S&PS put in a high at 947.80, reaching our target, and are currently trading around 946. We have support from 944 to 942.50.
As we stated in the Morning Meeting, above Friday’s high of 936, we would be looking for 950. Above that our targets are 952 and then 959.
Nasdaq put in a new high at 1025. We have resistance up to 1028. Strength in Microsoft has helped this marketing, as well as general buying in technology. Our ultimate upside objective in the Nasdaq is 1050.
For more information on the Morning Meeting, please see: