Futures are flat again this morning and the bulls are starting to look a little tired.
The sell signals on the /es 60’s are clear and the choppy toppy pattern is suggesting we could see selling at any time anywhere up here.
I am still waiting to see if the 4000 comes into play before trying the short side and if we do head lower first, then I will look to buy that weakness.
We are in trade mode until the next important turn date hits and we see sell signals on the daily. -Gary Dean
SPX Hourly Technicals
Stochastics: Overbought
Divergences: Bearish Divergences
Resistance Pivots: R1-3975 R2-4000 R3-4012
Support Pivots: S1-3940 S2-3920 S3-3884
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