10/17/2016

Bearish action for session as SPX set, INDU set and NYA/VTI all continue down from Q4Ps. Tech didn't help with a move below OctP and RUT/IWM dropped under Q4P as well.

Yet NQ futures (both continuous 1 contract and current Z contract) have held the OctP on daily close and making a move after hours. If Tech recovers the OctP for session Tuesday that would be a bullish development. Remember, whatever opinion you may have about where the market should be, when the leader holds / recovers then usually it is best to go with that move. 

SPY, QQQ and NQ Z below.