Futures Pointing to a Lower Open...

BMO - ES - 4 and NQ -13 futures are down in pre-market trading pointing to a lower open. Notice that the NQ is down more than the ES this morning, likely due to INTC which is trading don 78 cents in pre-market. Watch how INTC and the SOX Semicondutors trade in early trading this morning for clues on the Nasdaq (see Tuesday night's post). (click image to enlarge)

Notice where the futures are relative to Monday's low and last night's overnight low...

(click image to enlarge)

At the Open on Wednesday SPY – breaks low of the high day DECK – doji SNDA – large black candle breaks low of high day CTSH – closes at low of Monday’s doji EBAY – closes at low of Monday’s doji SCHN – white bearish harami above horizontal breakout GME – breaks low of high day doji SHLD – inside day GS – breaks low of high day after announcing offering XRT – closes below low of high day doji on Monday USD – white candle following doji URE – breaks low of high day with close below horizontal resistance/support UYG – closes below low of high day WYNN – white candle new high close at horizontal resistance CELG – black candle after bear flag break LEAP – inside day after break of 30 DMA support FAZ – bullish harami