Good Morning. Futures are Down at 7:56 AM, and world markets also down – the DOW world index is down -.36% as of 7:58 AM this morning. Bullish to Bearish Candles yesterday forecast this open with a reading of 11 bullish engulfing to 60  bearish engulfing candles. The McClellan Oscillators still look healthy.

My candle pattern index (chart below)suggests something big may be getting ready to happen, with a very large number of patterns in a consolidation range.

The $SPX continues its attempts to defy gravity, pushing ever so slightly higher against a line of resistance on lighter and lighter volume.

My trading portfolio has voted in the past few days, saying things are not as rosy as Mr Big Index says. As a matter of fact, I have become even more suspicious after reading a very interesting article on Futures Gunning that can manipulate the big indices (see Not So Paranoid Ramblings On Isolated Futures Gunning).

Perhaps I should keep two sets of indicators: 1) the big indices, and 2) the real world (for all the little people out there).