Futures Point to a Flat Open...

BMO – ES -0.50 and NQ +0.00 futures are near unchanged in pre-market trading pointing to a flat open. AAPL -0.22, AMZN -0.01, GOOG -0.69 and BIDU -2.95 are slightly lower in pre-market trading.

Tuesday’s breakout held on Wednesday. If this breakout holds 1,255 over about a nine week period is the Chart Signals price target for the SPX.

Options and futures expire on Friday. Index trading closes today. Wednesday is now the high day. Watch to see if Thursday’s trading is able to stay above Friday’s high of 1,153.41.

The Euro is down 60 pips in overnight trading. Oil is quoting down 62 cents in electronic trading. XLE is up 9 cents in pre-market trading.

SPY is up 5 cents in pre-market trading. XLF is down 2 cents in pre-market trading. Watch XLF as a key to any sustained move in the SPX. Remember XLF closed above horizontal resistance on Tuesday after trading in a sideways range since October…its breakout coinciding with the breakout of SPX as we have been saying in Chart Signals.

Follow your rules in any trading actions today. Be logical.

Look at these Charts
GES, CREE, DE, X, ZION

SPX
Support = 1,150, 1,139,
Resistance = 1,178

Trading Down: TSL, FAS, USO, CAT, ZION
Trading Up: GME, GES, CHL, BKC, CREE, DE, X

At the Open on Thursday
SPY –
QQQQ –
FAS –
X –
POT –
CREE –
UAUA –
SNDK –
AAPL –
ALGT –
ALTR –
NFLX –
RIMM –
STX –
SHLD –
BUCY –
BA –
DOW –
DE –
FCX –
WHR –
ZION –
STT –
GMCR –
AGU –
IPI –
DHR –
V –
NVDA –
AMD –
PCLN –
DECK –
CAT –
PCP –
UNP –
CF –
ACN –