Futures Pointing to a Lower Open...Yellow Alert...

BMO – ES -7 and NQ -11 futures are lower in pre-market trading pointing to a lower open. If the cash markets open lower watch the S1 levels on Monday's candles. If Monday was the high day on a chart, watch Monday's low and look for a break of the low of the high day for capturing profits or a potential entry into a bearish trades. We are definitiely on Yellow Alert on Tuesday...After three weeks of a very strong move up a correction at horizontal resistance resistance area of 1,000 on the SPX should be no surprise...and even a healthy development if one begins today...I'll be watching MA near the open which was on virtual trade example on Monday night and made pull the order and look for a better entry if MA and the ES are still down near the open... Look at these Charts… (click image to enlarge) At the Open on Tuesday SPY – QQQQ – BIDU – ADBE – AAPL – PCLN – NFLX – EBAY – FUQI – PWRD – GMCR – BDK – FAS – FAZ – BAC – ZION – STT – JOYG – X – GES – ISRG – FSLR –