S&P and NASDAQ 100 Update

On Friday S&P fell near support of 1625.00 – 1618. It closed at 1630.74.

NASDAQ 100 however, is still above support of 2972. It closed at 2981.76.

There is market turn date on June 3rd so we may see market stabilizing and starts moving to the upside gradually. If not then S&P will fall to 1590-1595.

If you monitor NQ (NASDAQ 100 future) then you will note that on May 23rd it made low of 2961 and bounce up. For NQ that is the support and I expect it will hold and move the market to the upside.

Stocks to watch are AAPL and GOOG to the upside.


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