Futures Pointing to a Lower Opening

10:40 am ET - at least for the early going...Trend wins again...support bounce rather that support break...I hope you were prepared and positioned to profit 10:00 am ET - ES took a big jump up +14 points from its open and +8 for the day... 9:56 am ET - SPX and stocks did open lower and almost immediately began to rise...SPY which open over 60 cents lower is up 14 cents...SHLD, STLD and WAB are all seeing support bounces...ADBE, EL and JOYG on the move... BMO - ES -3 and NQ -6 futures are lower in pre-market trading pointing to a lower open. The SPX and many stocks are near support this morning. Trend suggests that a support bounce is more probable, however traders must be alert for potential support break and trade in the direction of price action. Look at these charts this morning... (click image to enlarge) At the Open on Tuesday SPY – black spinning top -0.21% KOL – black spinning top +2.21% SHLD – earnings gap +10.38% ADBE – white candle +1.57% STLD – white spinning top +4.76% CTV – large white candle +14.32% EBAY – piercing line +1.22% EL – bullish harami +1.12% JOYG – bullish harami +0.07% USD – black spinning top -0.48% JNPR – white shooting star -0.51% SCHN – inverted hammer -0.56% STT – white spinning top -0.99% FAS – black candle -3.09% URE – black candle -5.34% ZION – black candle -3.12% OSG – black candle -3.01% LEAP – doji inside day in bull flag WAB – black candle at support