BMO - ES -8 and NQ -7 are lower in pre-market trading pointing to lower open. SPY is trading down 83 cents in pre-market trading. XLF is down 15 cents in pre-market.
Watch for a break of the low of the high day indicating a roll over in the short term trend and a pullback to a higher low. If price holds and pushes to higher highs then the short term trend is still up.
Retail sales report this morning fell in March and PPI also fell in March. JNJ beats estimates...so watch how big money reacts to this mixed news, XRT is down 46 cents in pre-market trading.
Check out the over night futures trading...the green line is Monday's low:
(click image to enlarge)
Notice that NQ actually fell below Monday's low overnight but has recovered in pre-market trading:
Notice that NQ actually fell below Monday's low overnight but has recovered in pre-market trading:(click image to enlarge)
At the Open on Tuesday
SPY – spinning top
DECK – doji
CTSH – doji
EBAY – doji
SCHN – horizontal breakout
GME – doji
SHLD – approaching 55 resistance
GS – new high…earnings Monday eve
XRT – doji
USD – doji
URE – close above horizontal resistance
UYG – approaching horizontal resistance at 4
WYNN – spinning top at horizontal resistance
CELG – spinning top after bear flag break
LEAP – breaks 30 DMA support
2 comments:
big money taking the bads news in stride, doesn't your charts point to a higher low at that time in the futures no big sell off yet, yellow alert opportunity time with price fluctuation
One hour before the close of market ,market taking a breath, healthy sigh of relief
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