2 Feb 2016 - Futures Bearish

So should we go the way of the Futures market?  While the futures has turned bearish,  the SPX has not changed its views, but safe to say that tomorrow should be a different story if price do not rally out of the gates.  Price has fallen short of my 50% ret. target at 1963.  This could possibly be pressured by the 60min 200ma that is also down trending.  I must caution that the ST is still UP, therefore is still open to upside potential.  Remember that we are not about picking tops and bottoms, but exiting or entering at an opportune time.  However, the risk of an acceleration has shifted to the downside in contrast to yesterdays signal.  Volatility has surely played a role in the ebb and flow of the PA signal here.

SEN: Bearish
ST: UP
PA: DOWN