Futures Pointing to a Higher Open...

BMO - ES +13 and NQ +22 are higher in pre-market trading about 90 minutes before the open pointing to a higher open. If the cash markets open at this level of trading the SPX will break the 875 resistance area. The Nasdaq and RUT already cleared horizontal resistance on Wednesday. Remember the pattern since March 10 has been one to two days of thrust, so don't by surprised if the markets continue higher after Wednesday's push...the breakout of the Nasdaq and the RUT suggest continuation... Here are the indices and their recent horizontal resistance areas... (click image to enlarge) Check out these stocks of interest Thursday morning (see the surprise here)... (click image to enlarge) At the Open on Thursday SPY – white candle ALGT – large white candle in bull flag SCHN – bull flag breakout ICE – white candle confirm inverted hammer at 20 DMA DECK – spinning top support bounce SNDA – large white candle support bounce at 20 DMA ADBE – bull flag break high of low day and horizontal resistance EBAY – white spinning top in pennant GME – spinning top close below 200 DMA SHLD – white spinning top at 200 DMA WYNN – bull flag breakout WHR – breakout after day pull back LEAP – large white candle does not confirm potential bearish harami ISRG – bull flag breakout DHR – bull flag breakout DE – two week ascending triangle