Futures Pointing to a Flat Open...

BMO - ES +0.00 and NQ -1.00 are flat in pre-market trading pointing to a flat open. On Wednesday the SPX failed to break thorugh the 905 resistance area and fell back to the 897 before rallying. 897 was resistance on Tuesday and support on Wednesday. If this week's support bounce can not follow through be prepared for price to move down... Look at these Charts... Bounce or Bear Flag? (click image to enlarge) At the Open on Thursday SPY – doji above 50 DMA +0.86% QQQQ – white candle above 30 DMA +1.69% FUQI – bullish harami above 20 DMA +5.41% ESRX – bounce in bull flag above 20 DMA +3.44% DECK – spinning top above 20 DMA +0.49% AAPL – bullish harami above 30 DMA +1.65% QCOM – morning star above 20 DMA +1.75% SHLD – spinning top above 30 DMA +1.40% MRVL – spinning top at 20 DMA +2.17% STT – white candle bounce at 20 DMA +3.79% PCLN – bullish engulfing above 30 DMA +3.56% ICE – white candle support bounce above 30 DMA +5.00% JOYG – inverted hammer above 30 DMA +3.10% X – support bounce above 30 DMA +1.71% FAS – spinning top below 50 DMA +2.77% SPG – spinning top at 50 DMA +1.26% GMCR - at 30 DMA AMZN - below 30 DMA MUR - potential bear flag AMX - just below 30 DMA