U.S. equity indexes traded in a wide range after the Federal Open Market Committee released its minutes yesterday afternoon, at first falling sharply and then rallying back in the final 30 minutes of the session.
The S&P 500 ended the session off just 0.02 points at 1341.45 after trading as low as 1333.25 in the minutes following the FOMC release. The meeting transcript showed that the Fed has no immediate plans for further easing of monetary policy, though it kept the door open to more stimulus at a later date.
The Nasdaq 100 showed relative weakness, losing 14.53 points, or 0.56 percent, to close at 2570.99. The downside was led by shares of heavily weighted Google, which lost 1.81 percent.
The Russell 2000 fell 2.91 points, or 0.37 percent, to settle at 792.26.
S&P 500
Resistance is now 1342.14, followed by 1343.79, 1345, 1355.50, and 1360.
Support is now 1340, followed by 1338.24, 1334, 1333.57 (yesterday's low), and 1330.
Nasdaq 100
Resistance is now 2576, followed by 2586.25, 2591, 2696.78, and 2600.
Support is now 2570, followed by 2560.46, 2550, 2545.50, and 2536.
Russell 2000
Resistance is now 794, followed by 796.50, 797.52, and 800.
Support is now 792, followed by 790, 788.25, and 785.
