Futures Pointing to a Flat to Lower Open...

BMO – ES -2.25and NQ -4.50 futures are lower in pre-market trading pointing to a flat to lower open. GOOG +0.28, AAPL -0.29 and BIDU +1.06 are mixed in pre-market trading. Overnight ES futures trader in a fairly tight 5 point range between 992 and 997. Support bounce or break was the key focus on Tuesday. Because support was broken and price moved to the support level in the 996 area…support bounce or break is once again the focus on Wednesday. Because the 996 area was support for two weeks in early August one would conclude it is more likely to hold and bounce, however, you must be prepared for either move. Trade with the trend of the stocks you are trading. JOYG earnings are out and the stock is up in pre-market trading. These stocks are at support and can move down for a bearish trade or up for bullish...watch for the break or bounce. Look at these Charts… (click image to enlarge) At the Open on Wednesday SPY – QQQQ – Potential Support Break WLT – JOYG – AMX - DOW – AGU – X – DE – FWLT – Potential Higher Lows WHR – AXP – PCLN – BDK – BAC – FAS – ZION – AAPL – PCP – FUQI – PWRD – FCX – CAM – MHS – TGT – ARO – ANF – GES –