Futures Pointing to a Lower Open in Front of FOMC...

BMO – ES -3.00 and NQ -6.25 futures are lower in pre-market trading pointing to a lower open. AAPL -1.04, AMZN -0.38, GOOG -1.73 and BIDU -1.51 are lower in pre-market trading. The Euro is down 99 pips in overnight trading. Oil is quoting up 32 cents in electronic trading. XLE is down 18 cents in pre-market trading. The FOMC is meeting Tuesday and Wednesday with their interest rate announcement Wednesday afternoon. This may influence short term traders as some traders like to wait until the announcement. This Friday is triple witching with options and futures expiration. SPY is pulling back this morning, down 50 cents in pre-market trading from Monday’s close. Stay prepared for a breakout of resistance or a potential pullback to support. Financials, XLF, is down 9 cents in pre-market trading. Remember, XLF holds the key for an SPX breakout. Follow your rules in any trading actions today. Be logical. SPX Support = 1,087…1,082…1,075 Resistance = 1,106 - 1,117…1,125 – 1,133 Trading Down: XLE, UAUA, RIMM, X, FCX, Trading Up: AKAM, JOYG Look at these Charts… (click image to enlarge) At the Open on Tuesday SPY – QQQQ – FAS – X – DOW – UAUA – V – JOYG – NVDA – LRCX – WHR – AAPL – AKAM – AMD – CREE – KLAC – PCLN – DECK – NFLX – ISRG – FLIR – CAT – DE – PCP – UNP – PNC – STLD – AMLN – POT – AGU – AMZN – RIMM – ACN –