Futures Point to a Flat Open

BMO - ES -1 and NQ -1 futures are slightly lower in pre-market trading pointing to a flat open. Futures were up 2 points a few minutes ago and now down slightly so they are fluctuating before the open. Remember the SPX is just above its 875 support area and the hammers on the chart Monday failed to confirm on Tuesday. If this market breaks support be prepared to trade lower. Last Wednesday's Yellow Alert that turned red on Thursday has paid off for short term traders. Look at these Charts... (click image to enlarge) At the Open on Wednesday SPY – large black candle at support QQQQ – large black candle broke support FUQI – spinning top GMCR – black candle SHLD – large black candle broke support FAS – black candle FAZ – white candle at resistance ESRX – white spinning top JOYG – large black candle at support STT – large black candle at support X – black spinning top AMZN – large black candle broke support AAPL – large black candle above support PCLN – black spinning top above support BIDU – large black candle above support GES – black spinning top inside day NFLX – black candle above support PWRD – black candle at support ALGT – spinning top near resistance