Futures Pointing to a Flat to Lower Open...

10:20 am ET - stocks and indices continue to consolidate at Monday's support levels...look for a break above Monday's highs for entry points... BMO - ES -3 and NQ -2 futures are slightly lower in pre-market trading pointing to a flat to slightly lower open. On Monday all four broad indices formed a hammer which is a bullish candle pattern in an up trend or sideways trend. Look for a break of the high of the hammer as entry into the next short term move up... Look at these charts... (click image to enlarge) (click image to enlarge) At the Open on Tuesday SPY – white spinning top QQQQ – hammer FUQI – doji GMCR – white spinning top SHLD – piercing line FAS – white spinning top FAZ – black spinning top ESRX white spinning top JOYG – hammer STT – white spinning top X – black spinning top AMZN – hammer AAPL – hammer PCLN – black spinning top BIDU – hammer GES – black spinning top NFLX – white spinning top PWRD – doji CERN - hammer ALGT - hammer