Spu’s…1387-90 is support…1402 is the closing upside pivot. Gann guys show more than that is needed.
Nasd…2700 +- is support and it does not have to get there.
Midcap…needs a close under 98660 for an ORL day.
We have no desire to get involved in this. Typically, you’ll see month end markings followed by Income average buyers in the early session tomorrow, being that it’s the first day of a new month.
Last year we saw very good rally into midday on May 2/11 ( the first trading day of the month). That turned out to be a significant high.
Many traders are looking for that same scenario to play out again this year.
We’ll let the board set up to see when and how we participate.
