Futures are bright red!

Futures are red tonight; is it the start of the down draft? Any thoughts?

 

probably another false hope for the bears

 

You consider this to be the beginning of the end despite the down day (all 2 hours of it) being extremely small compared to the recent upmoves? For all that we know, the markets may have fully reversed and be up significantly by tomorrow morning.

 

35bps? That's not red, that's barely pink

 

North Korean missile test - I would have expected more of a reaction.

 

Monday/Tuesday(?) just turned green.
Then sell. Nothing to do with NK.
Fundamentals will send this market south.
NK just ran it up one last time.
-vz

 

Down 10? Not even a half percent down.

 

Rate hike concerns? Thought that was already priced in. North Korea uncertainty?

 

Personally, I don't think this is a major market top but my analysis suggests a short term top within a major uptrend. I have more sell signals than buy signals in what I am looking at. We could hover for a bit but I am not putting new money to work here. S&P of 2200 not out of the realm of possibilities.

Update of a chart I have posted in the past.

 

What catalysts do you see sustaining the major long-term uptrend?