Futures Pointing to a Lower Open

2:08 pm ET - Once again the warning from our Yellow Alert materializes as stocks break the low of the high day. Take a look at some of the charts from our At the Open List. See any Chart Signals for the way you trade? (click image to enlarge) (click image to enlarge) 12:40 pm ET - After falling for the first 90 minutes the SPY, SPX and ES have found at least a support area for the past 90 minutes. The SPY is the 84 area, the SPX is the 839 - 840 area and the ES is the 835 - 836 area. Look at the 10 minute SPY chart to see this support area is the support area of last Tuesday and Wednesday. (click image to enlarge) 10:35 am ET - After opening lower, the first hour of trading has been down. SPY opened down from Friday's close at 85.54 and is currently 84.46. The sell off has been straight down in the first hour. The SPY has fallen to the resistance level established on April 2 at the 84.50 - 84.60 level. We'll see if buyers step at this level. Take a look at the 30 min. chart to see the current area of support. (click image to enlarge) BMO - ES -15 and NQ - 24 are lower in pre-market trading pointing to a lower open in the cash markets. If cash opens lower this will break the low of the high day which was Friday. Take a close look at the ES this morning and see how it is below Friday's low, we'll watch to see if it is able to move above this level in early trading this morning. (click image to enlarge) At the Open on Monday SPY – white spinning top DECK – large white candle…hit 66 – 67 price target SNDA – large black candle CTSH – doji EBAY – hammer in bull flag SCHN – white spinning at 200 DMA GME – large black candle…shadow bounce on 30 DMA SHLD – white candle breakout of 200 DMA GS – spinning top XRT – hanging man USD – potential bearish harami URE – white spinning top WYNN – black spinning top at horizontal resistance CELG – black spinning top LEAP – confirmed tombstone doji breaks low of high day FAZ – black spinning top ISRG – large white candle