Futures Pointing to a Flat to Lower Open...

BMO - ES -2 and NQ -5 are slightly lower in pre-market trading pointing to a flat to lower opening. The mid-section of Tuesday's large white candle S1 is short term support. Keep in mind the primary price action patter of the the last 11 weeks one to two thrust days and one to two pause to pull back days. Many new stocks had a new high close on Tuesday which is also bullish. Look at these charts... (click image to enlarge) At the Open on Wednesday SPY – bullish engulfing KOL – bullish engulfing ZION – large white candle support bounce SHLD – piercing line ADBE – large white candle new high close LEAP – bullish engulfing new high close STLD – large white candle new high close CTV – shooting star EBAY – white candle EL – white candle confirms bullish harami JOYG – large white candle new high close USD – bullish engulfing JNPR – bullish engulfing SCHN – bullish engulfing STT – bullish engulfing FAS – bullish engulfing URE – bullish engulfing OSG – spinning top WAB – piercing line