Futures Point to a Higher Open...

BMO – ES +14.00 and NQ +24.50 futures are higher in pre-market trading pointing to a higher open. In pre-market trading AAPL is +3.67, GOOG +0.46, BIDU +2.70, NFLX -0.72.


Bonds are flat and TLT is down -1.14 in pre-market trading.

The Euro is down 44 pips in overnight trading and above its 30 DMA.

SPY is is up 1.26 cents and XLF is up 19 cents in pre-market trading. Watch XLF as a key to any sustained move in the SPX.

If the cash SPX opens near where the futures are trading at this time it will be above its 1,130 resistance. 
Pre-market trading is suggesting a continuation of the support bounce. 
If the breakout holds the new chart target is 1,170 in approximately four weeks.

VIX closed below25 on Friday.  Confirmation of breakout continuation.

Trading Down: NFLX, FAZ, MA

Trading Up: PCLN, FCX, DECK, WLT, CLF, CREE, ICE, CRM, BUCY, X, CAT, GS, POT, SWK, CSTR, SNDK, DE, SKX, WHR, HSY, VMW, BA, AGU, URE, MOS, FAS, CRUS, V, LVS,
USD, ATI, TIE, CHL, USO, ZION, TSL, AKS, DOW, NYX, SWN, UAUA, VECO, ATW, PNC, NETL, IPI, STI, UNG, HAS, MCD, AMD, FFIV, WMT, AMD

The short term 3 day trend is up. The intermediate term trend is neutral and long term trend is up.

Trade those charts that meet your rules in the direction of the trend.

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

SPX
Support = 1,105, 1,081, 1,071
Resistance = 1,130, 1,148

At the Open on Monday
SPY –
QQQQ -
FAS -
AKAM – new high
CRUS – new high
ALK – new high

AAPL – breakout
SNDK - breakout
DECK - breakout
CMG – breakout
VMW – breakout
UAUA - breakout
CAL – breakout
FFIV – breakout
SKX – breakout
AZO – breakout
LVS – breakout

ILMN – pennant
BIDU – symmetrical triangle
NFLX – flag bounce
HSY – flag bounce
DLR - flag
CRM – flag
TIE – horizontal flag
UNG – horizontal flag

ORLY – flag
AAP -
SWN – flag
ICE –
CSTR -

GMCR – reversal breakout
BA – reversal breakout
CAT – reversal breakout
VECO – reversal breakout
CREE – reversal breakout
NETL – reversal breakout
NYX – reversal breakout

AKS
X – counter trend at support
PCLN – reversal
CLF – potential double bottom breakout
DOW –
BBY –
GOOG
MA -
V –
PCP –
UNP –
FCX –