Futures Pointing to a Lower Open...

2:25 pm ET - The SPX has broken the 925 line but has been finding a resting level at 920 - 922, the May 29 high, also the 20 DMA area...no bounce yet...we'll see if buyers step in or sellers remain in control... 10:35 am ET - The SPX has rolled again and is at its key 925 support area...if support fails to hold the charts indicate further movement to the next level of support at 910 the 200 DMA... 10:10 am ET - The SPX has found early support around 928 and has bounced to 930.50...the ES is also starting to rise after hitting a low of 923...this morning's selloff is being attributed to a stronger dollar and lower stock prices in Asia and Europe...two positions in the Model Portfolio were stopped out this morning TDG at 36.54 and TRLG at 20.88, TDG was just above breakeven and TRLG posted a 5% gain... 9:51 am ET - The SPX has pulled back to support in the 928 are in the first 20 minutes of trading...watch for a potential support bounce... BMO - ES -10 and NQ -13 are lower in pre-market trading pointing to a lower open. The trend of the last two weeks is a narrow sideways trading range of 29 points so watch as price nears support for either a bounce (most probable) or support break. Look at these charts... (click image to enlarge) At the Open on Monday SPY – white candle USD – hammer FAS – pennant URE – white spinning top WYNN – hammer SHLD –hammer DDS – bullish engulfing AMZN – hammer NTAP – large white candle DECK – doji MICC – hammer APOL – hammer GOOG – hammer FWLT – ascending triangle GR – bullish engulfing GES – hammer