Futures Pointing to a Higher Open...

BMO - ES +7 and NQ +8 futures are higher in pre-market trading pointing to a higher open. This could lead to a gap open on the SPX and SPY. Often on a gap up the market will cool off after about 20 minutes pull back and then resume its up ward direction. If the market does gap look for support bounce entry opportunities as price breaks the high of the low day which on the indices and many individual stock charts was on Wednesday. Dave's Insight: Traders who allow a bearish mentality to creap into their thinking, often are not able to see the support bounce in a sideways trend opportunity until it is too late. Make every effort to see legitimate opportunities where they exist on the chart for your own benefit. Look at these Charts... (click image to enlarge) At the Open on Thursday SPY – hammer QQQQ – doji FUQI – large black candle GMCR – hammer SHLD – black candle FAS – hammer like FAZ – white candle ESRX – hammer JOYG – hammer STT – hammer X – hammer like AMZN – bullish harami AAPL – bullish harami PCLN – hammer like at support BIDU – hammer GES – hammer NFLX – hammer PWRD – hammer/bullish harami ALGT – bearish engulfing