Future Pointing to Support Bounce Trend Continuation...

BMO – ES +8 and NQ +9 futures are higher in pre-market trading pointing to a higher open. AAPL +1.69, GOOG +4.08 and BIDU +4.51 are also higher in pre-market trading. Futures are indicating a continuation of Monday’s support bounce. The are many stocks that closed on Monday’s near Friday’s high but had not yet broken the high of the low day. Look for those stocks to break out this morning and trade accordingly. SPX Support = 1,025…1,017…1,007 Resistance = R1 = 1,044, 1,056 Look at these Charts… (click image to enlarge) At the Open on Tuesday SPY – QQQQ – AAPL – PCLN – HANS – WYNN – FSLR – BIDU – GOOG – HOLX – FAS – AXP – BAC – STT – ZION – ADBE – AKAM – FLIR – MA – ISRG – NKE – BDK – CAT – DOW – WLT – FUQI – FWLT – WHR – X – JOYG – CAM – FCX – ARO – LVS –