Futures Pointing to a Lower Open...

BMO – ES -5 and NQ -9 futures are lower in pre-market trading pointing to a lower open. AAPL -0.34, GOOG +0.00 and BIDU -4.55 are lower in pre-market trading. Pre-market trading is indicating that another move towards Wednesday’s lows is likely this morning. As always watch for the bounce or break at support. BAC CEO has announced he will step down by year end and the stock is showing modest strength in pre-market trading. From September 16 -23 the SPX traded between 1,057 and 1,080 so this is a range where traders are trading both sides of the market. SPX Support = 1,056 and 1,044 Resistance = R1 = 1,061 and 1,075 Look at these Charts… (click image to enlarge) At the Open on Thursday SPY – QQQQ – AAPL – BIDU – GOOG – PCLN – ISRG – BDK – CAT – DOW – FLS – FWLT – WHR – X – JOYG – PCP – AXP – BAC – FAS – SPG – ZION – WLT – FUQI – PWRD – FCX – CAM – NKE – ARO – GES – FLIR – UAUA –