Watch Key Support Levels on Wednesday Morning

On Tuesday decliners led advancers 1,837 to 1,281 on the NYSE and 1,810 to 1,046 on the Nasdaq. Futures, as they proved yesterday, don't always correctly predict the outcome for the day, however they are down in the pre-market. The bearish technicals on yesterday's charts point to the market rolling over. The DJIA already rolled yesterday...we'll see if the other indices do the same. AAPL and RIMM are up modestly in pre-market. Take a look at BNI, CSX, UNP, CNI and NSC. CSX formed a falling 3 methods candle pattern and each of the other four had non-idealized falling 3 methods pattern. This is a bearish continuation pattern, a candlestick version of a bear flag. Watch to see if the other indices break support. Pay attention to the S1, S2 and S3 levels of the recent large white candles. We'll comment more as the market gets trading this morning...