US Equity Futures. Technical Analysis. 12 th August Automated levels. Powered by. Yesterday s Market Profile

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1 US Equity Futures Technical Analysis Written by Clive Lambert MSTA MCSI Contents: Page 2 - S&P 500 Future Page 3 - Dow Future Page 4 Dow Futures 5 Year Death Cross illustration/chart Page 5 - NASDAQ Future Page 6 - Disclaimer FuturesTechs is proud to support Futures for Kids. Please go to to see what YOU can do!

2 Daily Candlestick Chart Sep 15 S&P 500 Future (Sep 15) Open High Low Close Change -0.97% PP Y VAH Y POC Y VAL SMA SMA SMA ATR RSI 42 Short term trend: Neutral Medium term trend: Neutral - Bullish Candlestick charts say: Choppy muck - We need a break below or above 2134 to resolve this. In the meantime it s a total mess; a sideways chop chart for most of BUT we do keep bouncing off of the 200 day SMA, or is that the 200 day SMA keeps being defended when tested Yesterday we bounced off the 200 day SMA. It gave us the low in fact. Overnight the PBOC have done their thing again and we re below this key mark, as we were back in early July briefly. So will the dip be bought this time? I ve summarized this report for a few days now with the words: One day buy the dip won t work/happen. That is all Is that day getting closer? Is it today? Are things about to hot up in favour of the bears? and are the big supports below if we are going to head lower Note: On a rally is gap resistance AND the 200 day SMA

3 Daily Candlestick Chart Sep 15 Dow Future (Sep 15) Open High Low Close Change -1.03% PP Y VAH Y POC Y VAL SMA SMA SMA ATR 201 RSI 37 Short term Trend: Bearish Medium term Trend: Neutral Candlestick charts say: Yesterday s day session was a weak affair with selling seen to before some buyers were found. This was a hold of the low from last week. Then overnight we got 2 in 2 days from the PBOC and we re currently trading below both of these levels having printed overnight, the lowest print since February when we bounced off support from last December at So there s lots of important levels suddenly in play. Selling a rally to being the gap fillers trade of choice and not the worst idea today. There s lots of chatter about the Death Cross. Please see the next page for my thoughts on this Profile charts say: is a level to watch should the gap to not cap any attempt at a recovery. Retaking both of these says plunge protection still rules the day! Summary: Bears on top targeting next

4 This is the Dow Futures chart since March 2009 s low, and it shows the 200 Automated day SMA levels (green line) and 50 day SMA (blue line). When the 50 day line drops below the 200 day line we get a DEATH CROSS sell signal and the press go bananas, calling the end to the bull market and rolling out the doom-sayers (Faber will be wetting himself!) who can say I told you so. Except that we ve already had two such signals on the rally shown; and BOTH times they actually provided a BUYING opportunity, and didn t spell the end of the world. Just thought it was worth pointing out

5 Daily Candlestick Chart NASDAQ Future (Sep 15) Open High Low Close Change -1.42% PP Y VAH Y POC Y VAL SMA SMA SMA 4507 ATR 67 RSI 43 Short Term Trend: Neutral Medium Trend: Bullish Candlestick charts say: Yesterday saw weakness that gave back all of Monday s gains as the chop continues, but overnight we ve seen further weakness that will give us a gap to fill up to this morning. We have bounced off of Fibonacci support at 4454 in overnight trade and haven t got closet o worrying another day session gap down at , so the bulls could argue that there s nothing to worry about still, but this does look like it s creaking. Profile charts say: The Composite Profile SCREAMS that there is no clear perception of value and that this market is running around like little boy lost. CHVN is 4555 but it s not a standout volume node. This level capped upside yesterday Summary: Further chop expected. This is not a clean chart at all, but bigger picture the bulls are still very much on top

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