Futures Point to a Lower Open

So what do you think of Chartsignals like intraday triple bottoms now? Four minutes before the cash close the NQ hit the triple bottom target...if this is your first read today...check our earlier entry... 2:14 pm ET - The comments looked unanimous, 1,220 intraday chart price target. As you can see the NQ made it to 1,1725 and then rolled over. We'll wattch to see if NQ achieves the price target or not. It certainly appears that 1,204 is solid support at least for now. Now...for the next question...If NQ breaks 1,204 what would be the chart price target? If you know the answer post it in the Comments... (click on image to enlarge) Here's what I'm referring to on the NQ...Do you know the intraday chart price target for this formation? If you think you do, post your answer in the comments and I'll let you know later in the day... (click image to enlarge) 12:18 am ET - ALERT - NQ futures have made an intraday triple bottom and are at 1,212 resistance for a potential intraday resistance breakout... 11:48 am ET - A couple of observations about this morning's rollover...First we put you on Yellow Alert on Friday due to the price action and appearance of the bearish harami on a large number of charts...so you should have been prepared...obviously every trader has a unique set of trading rules on how they exit bullish trades and enter bearish trades and whether they use intraday or end of day entries and exits. Second, based on financial media reports this selling seems to be fueled by the adminstrations intervention with the auto industry...apparently traders are a little sensitive about a lender forcing out a CEO...while it is not really necessary to wax philosophical about this development at the moment...I want to remind everyone that economic news almost never alters the intermediate term trend of the market...so expect this news to have a short term impact on price action and stay focused on trend, support and resistance and momentum 11:30 am ET - Below is the SPX chart showing Friday's bearish harami and intraday confirmation after two hours of trading...you likely are seeing many individual stock charts that look very similar... (click image to enlarge) 10:35 am ET - ES 787 support just broken, next short term support area, last Monday's low 775 to 777 area 10:30 am ET - ES 15 minute chart, buyers giving support in the 787 area...last Wednesday's intraday low... (click on chart to enlarge) 10:15 am ET - SPX has found momentary support at the 50 DMA of 790...the ES has found some buying at Wednesday's intraday low in the 787 area... 9:55 am ET - Intraday ES Resistance 15 min. S1 = 791, S2 = 794, S3 = 795 9:45 am ET - Cash SPX -24 follows future down SPX short term support areas: 50 DMA = 790, Mar 23 S1= 797, S2 = 772 BMO - ES -22 and NQ -24 point to a lower open. As we mentioned Friday watch for bullish exit and bearish entry opportunities on stocks and etf's that have peaked and are showing signs of short term reversal. At the Open on Monday SPY – bearish harami SNDA – confirmed Thursday’s bearish harami DECK – broke the low of the high day UNP – bearish harami CTSH – support bounce failed, gapped down to new low X – lower high and lower low at 50 DMA DLB – bearish harami at 35 horizontal resistance CRM – pull back after support bounce on Thursday JASO – white spinning top after horizontal breakout GME – rallied on down market day ISRG – forming bearish pennant WYNN – lower high and lower low at 30 DMA