Tuesday, November 12, 2013

All Equity Indices Rejected @ Resistance and Moving Lower

The expectation for lower trading volume is pretty much widespread this week n the equity markets and that could wreak havoc with traders. Futures are finally responding to resistance in a negative way and are moving lower after hours. Who knows if it will stick but if it does could be the beginning of something much larger than 99% of market participants are prepared for. Watch 1740-45 in the /ES. If we are below that level by 8am cst. then this move lower is for real. If not, then the possibility of a head fake will be higher.
4 hr e- mini S&P 500 Futures

4 hr mini Dow Futures

4 hr e-mini Nasdaq 100 Futures

4 hr mini Russell 2000 Futures

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