Futures Point to a Slightly Lower Open

11:00 am ET - ES and SPX bounce back into trading range...watch to see if this bounce makes a lower high and turns back down...DECK still positive...BA, DE, SPG and VNO down more than -$1... 10:32 am ET - ES -11 is breaking to the downside out of the first hour's trading range...DECK still positive for the morning, the other 10 are moving lower...VNO is nearing the low of the high day.... 10:05 am ET - ES -6 and SPX -6 holding in early trading range, we'll watch for the daily trend to emerge...BA...WYNN...FWLT...SPG and DE are moving below the low of the high day...DECK stil positive... 9:35 am ET - Just after the open only DECK is trading up, the other 10 stocks on our AT the Open list are trading down...this of course would be expected with the slightly lower open in cash trading...ES -7 is still trading where it was shortly before the open...we will look for a trend or trading range to evolve here during the first hour... BMO - ES -7 and NQ -5 are trading slightly lower in pre-market trading about 15 minutes before the open...this points to a slightly lower open for the cash markets. If the pattern of the last 6 days holds up, strong day then a pause, today could turn into a pause day...of course, if the counter trend is ready to end it could become a reversal day...so once again traders need to be prepared for whatever direction the trading goes.... We'll be watching our the At the Open on Wednesday list for any opportunities... At the Open on Wednesday Counter Trend - Tuesday's View at the close SPY – outside day large white candle makes higher high BA – hanging man did not confirm Monday’s shooting star lower high in bear flag WHR – hanging man-like in bear flag BDK – hanging man-like lower high at 30 DMA in bear flag DE – hanging man at 30 DMA in bear flag WYNN – piercing line after one day bearish engulfing at 20 DMA in bear flag ADS – large white candle lower high at 30 DMA in bear flag DECK – large white candle outside day after inside day at 20 DMA VNO – piercing line after two day pull back SPG – potential bullish harami after two day pullback FWLT – lower high white candle after one day pullback