Volatile Session
A very volatile session thus far in stock-index futures. S&Ps are on the highs at 1098.50 in the late morning, above resistance that was found at 1095-1096.50.
On the downside, we have support around 1090 and then 1079.50. S&Ps have moved higher based on buying interest seen in the Dow and the broader market.
Nasdaq is around 1371, off a high of 1380. On the downside, we have to stay above the 1365 area. If we go below it, the uptrend is in question, and we’d look for this market to consolidate for a while.