Negative futures turn positive again . The bigger "M" pattern may fail . There may be a large measured move UP .
Futures are not good index for the future :eek: . The red lines are better . The "M" pattern is almost completed . The last new high was a Bull Trap, next lower lows may be Bear Trap . If not, the Bear Market may resume.
In fact, the futures price fluctuation in the morning are typically caused by the economic data reports (this morning was the unemployment number at 8:30am Eastern time). The fluctuations are often irrelevant to underlying trend and short lived. Sometimes the fluctuation may even let you enter a position at a better price.