Futures Point to Lower Open

1:40 pm ET - mired in a trading range the ES returned to early lows around 812 and is now bouncing up again around 815...pretty classic trading range so far today with not convincing breakout of support or resistance from the first hour...there was an attempt to move higher from 11 to 12 but buyers just ran out of buying... SPY, SNDA, OSG, CTSH CRM, WYNN and ISRG are still down by 1 point or more...GME is now up 1 point...JASO is even...X and DLB are down less than 1 point 12:05 pm ET - Have you let me know your read on the ES chart below? Ray asked a very good question in the comments area...I think there is a major BGO in the making...Read my reply to Ray in the Comments... 11:25 am ET - Here's the ES since the open 9:30 ET...Who's in control? Let me know what you think... (click on image to enlarge) 10:56 am ET - ES rallies from 812 to 818...continues to bounce inside of first hour trading range...looking for break and direction outside of trading range...if no break look for price to fall back towards support... 10:22 am ET - ES rallies back above 813...first hour narrow trading range of 812 to 818... 10:15 am ET - SPY, SNDA, OSG, CTSH, X, CRM, ISRG are lower by 1 point or more...GME is up 40 cents...JASO, DLB and WYNN are down less than 1 point 10:10 am ET - ES breaks below 813... On the economic front consumer spending fell -0.2% in February in line with expectations of -0.2%... 9:49 am ET - ES futures since the open have traded in a tight range between 813 - 817...watch for a break of this range for early morning direction 9:34 am ET - Ths SPX opens down and currently is down 12 points...Thursday's low of 814 is key short term support along with the 800 level...Support on the ES is the 813 area...next support area 803 BMO - ES -11 and NQ -17 futures are down in pre-market trading about 20 minutes before the open. This points to a lower open. If the cash markets move lower watch yesterday's low as short term support level. If the market does roll today look for stocks that are relatively weaker for movement to the downside. At the Open on Friday SPY – white spinning top, new high close SNDA – bearish harami OSG – confirm bullish harami, bull flag CTSH – confirm bullish harami, bull flag X – inside day at 50 DMA DLB – confirm hammer, bull flag close above 200 DMA CRM – confirmed hammer, bull flag JASO – large white candle, horizontal breakout GME – bearish engulfing ISRG – at 30 DMA resistance WYNN – doji above 30 DMA