Early Opening Indications

The opening indications are exactly as you'd expect, pure distribution on the open, not even an attempt at confirmation.

 SPY 1 min with absolutely no attempt to confirm any of the opening action, just pure distribution.

The same with the Q's

And the same with the IWM.

These are all 1 min charts, they are the fastest moving and would have put in a new 3C high for the timeframe shown or at least made an attempt if there were ANY underlying support.

However, this "may" set up stuff like the head fake move lower in NFLX I was talking about yesterday. These are a few of the things I'll be looking at as well as how the underlying trade develops as the early slaughter of retail comes to an end, this is why most professional traders won't make a trade until after 10:30-11 a.m., it's just a lot of games to take money away from people who place limit orders and head off to work or those trapped by chasing in after hours.

NFLX Post 1

NFLX Post 2