Futures Point to a Higher Open...

BMO – ES +5.50 and NQ +7.00 futures are highesu1er about 20 minutes before the open in pre-market trading and point to a higher open on Monday… volume is light for pre-market with more stocks quoting down than up…Financial stocks, XLF is quoting down 8 cents on 165,600 volume in pre-market…

It's time to change from the June M contracts on the ES and NQ to the U September futures contracts...

TLT is down 47 cents and the Euro is up 48 pips in premarket trading …

Support Bounce Setups for Friday: ATW, RVBD, AN, ANF, GES, NVDK, ENTR, FWLT, ARUN

Bounces Moved Higher on Friday: AGU

Bounces Pulled Back on Friday: TPX, ICE, ATI, A, DHR, FCX, SLB, SPY, CF, COH, CY, ESI, HUM, IAG, POT, UNP, VMW

Bull Flag Entry on Friday: VECO

Support Bounce Setups for Monday: ATW, RVBD, ACN, ANF, GES, NVDA, ENTR, FWLT, ARUN

Bull Flag Setups for Monday: TIF, GMCR, KKD, CY, CMG, INFA, CRM, MA GES, CHL, HLF, CROX, WTW, NFLX, MRVL

NDX leaders AAPL, AMZN, BIDU, GOOG, NFLX and QCOM are quoting higher in pre-market trading…

Dave’s Insight for Monday:  The SPX closed Friday at its 1,270 support level and is bouncing in pre-market trading…NDX leaders are stronger this morning…early trading looks like another potential support bounce similar to Thursday’s bounce …Continue to follow your rules…Watch XLF as a key factor whether the bounce continues or another reversal occurs…Manage your trades based on the price action you see on the chart you are trading…

SPX 

Resistance: 1,288, 1,300, 1,310

Support: 1,278, 1,267, 1,257

Quoting Down – UCO, FAZ, TLT, AGU, SLW, CAN, V, SWK, GILD, GRMN, CELG, DTV

Quoting Up – HLF, DECK, SINA, SOHU, FFIV, CLF, DLR, MOS, CHL, CREE, ARUN, GS, ANF, CF, DE, CAT, VMW, TIF, PCX, GMCR, URE, ATI, CY, CMG, POT, FAS, TBT, X, ANR, RVBD, ISRG, FSLR, ALXN, AAPL, NFLX, BIIB, SRCL, AMZN, PCLN, FFIV, ROST, BIDU, VOD, INFY, FISV, BBBY, APOL, JOYG, ALTR, RIMM, AKAM, CTSH, LIFE, PCAR, DLTR