Futures Point to a Lower Open After Three Day 83 Point SPX Rally...

BMO – ES -14.25 and NQ -22.50 futures are lower about 20 minutes before the open in pre-market trading and point to a lower open …volume is light for pre-market with many more stocks quoting down than up…Financial stocks, XLF is down 24 cents on 80,700 volume in pre-market…

TLT is up 47 cents and the Euro is down 54 pips in premarket trading…

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

Dave’s Insight for Tuesday:  I mentioned in Monday night’s AT webcast that a flag pull back could be possible after the rally of the past three days…it looks there are some profit takers this morning which might start a flag…Last week’s basing pattern breakout of 1,170 could be the support low of a flag pull back…With the market set to gap down be prepared for an early fade or partial fill of the gap…Follow your rules for entries this morning for bullish and bearish trades… A good technical trader will stay objective and trade each chart according to your rules…Watch XLF which is still a key factor in any SPX move up or down…

SPX

Resistance: 1,200, 1,225, 1,235

Support: 1,173, 1,158, 1,146

Quoting Down – GOOG, PCLN, VIDU, NFLX, URBN, ISRG, AAPL, WYNN, AMZN, SINA, CF, DECK, WLT, TIF,  MCP, CMG, CRM, ANF, UCO, CLF, SLB, URE, GS, DE, MOS, AGU, FFIV, NKE, POT, FCX, V, A, CREE, HLF, SWN, FAS, C, ANR, X, LVS, RVBD, ICE, VMW, WTW, DLR, CROX, COH, PCX, DOW, GMCR, GLW, NVDA, CRUS, CDE, JNPR, UAL, CELG, CHKP, FFIV, WFM,NTAP, INFU, QCOM, COST, JOYG, TEVA, CERN, BBBY, RIMM, ESRX, SBUX

Quoting Up – FAZ, TLT, ADSK