Futures Point to a Flat to Slightly Higher Open...

BMO – ES +1.25 and NQ +2.50 futures are slightly higher in pre-market trading pointing to a flat to higher open. AAPL +1.09, AMZN +0.47, GOOG +0.95 and BIDU +12.63 are higher in pre-market trading.

On Monday prices reversed and moved from support to resistance in the SPX trading range of 1,153 to 1,170. Watch for a potential break in either direction and trade the short term breakout according to your rules. The long and intermediate term trends are still up. The short term trend is neutral until a breakout.

The Euro is down 46 pips in overnight trading. Oil is quoting down 20 cents in electronic trading. XLE is up 2 cents in pre-market trading.

SPY is up 15 cents in pre-market trading. XLF is up 3 cents in pre-market trading. Watch XLF as a key to any sustained move in the SPX.

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

Look at these Charts

(click image to enlarge)

SPX
Support = 1,150, 1,139
Resistance = 1,170, 1,178

Trading Down: SYNA, DOW, AGU, FAZ, HEAT, IPI
Trading Up: JEC, BA, FAS, SWN, X, HLF, CAT, MCD, CGA, V, GS, UAUA, MOS, FUQI, TSL, SNDK, BAC

At the Open on Tuesday
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 –